Macau bets on innovation

macau

Despite the good results, analysts expected higher incomes.

Macau’s authorities granted Sands China Ltd a license to operate further gaming machines.

China.- With optimistic news of a small increment in casino revenues last month, after two consecutive years of losses, gambling authorities gave the green light to boost the industry. Sands China Ltd, local casino operator, received today the approval to install 150 gaming tables in the upcoming Sands Parisian casino resort.

The new investment will be enough to sustain Sands’ revenues in the gaming city, which has been reporting worrying results. The US$3 billion venture will be inaugurated next September 3rd. The expected casino will operate 100 gaming tables in its first year.

As the company explained, the rest of the licensed games will be added during the next two years. “Given the current state of market-wide demand and the fact that the Parisian gets 150 tables, the Parisian won’t miss a beat,” concluded Union Gaming analyst Grant Govertsen.