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Golden Empire™


Mystery Link


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Slow boil O


The government will limit annual growth in the number of gaming tables to 3 percent from 2013


nce 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


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


22 NOVEMBER 2011


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