Macao casino move cheers markets
By Tom Mitchell and Robin Kwong
Published: April 24 2008 03:35 | Last updated: April 24 2008 03:35
The Macao government’s decision, announced on Tuesday, to rein back rapid growth in the world’s largest gaming market has been a long time in the making.
Edmund Ho, chief executive of the Chinese special administrative region, said his government would – among other measures – extend a moratorium on the number of licensed casino operators in the territory, halt land allocations for new gaming investments and restrict expansion plans at existing casinos.
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