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Slow boil The
22 NOVEMBER 2011
Once the 5,500-table cap on the number of
live gaming tables expires in 2013, growth
in the number of tables will be limited to 3
percent per year.
This was announced last month by the secretary
for economy and finance, Francis Tam Pak Yuen. The
growth limit will last for 10 years. This means that by
the end of 2021 there could be almost 7,200 gaming
tables in Macau.
In March last year, in announcing the 5,500-table
cap for the following three years, Mr Tam said the
government’s long-term goal was to promote a growth
government will limit annual
growth in the number of gaming
tables to 3 percent from 2013
rate of around 3 to 4 percent a year. This latest
announcement did not catch anyone off guard.
SJM Holdings Ltd. director Angela Leong On Kei says
the growth limit is “reasonable” but wonders if it will
prevent Macau’s biggest industry from meeting demand.
The growth limit may delay government approval
for the pending casino projects in Cotai, which have
been in the pipeline at least since 2008. At the end
of June, Macau had 5,237 gaming tables, meaning
just 263 new ones may be added before 2013.
It is likely that most will be in Sands China Ltd.
developments. The company aims to open the first