Mar
22
Warning: Here comes the competition
Filed Under Macau, Macao, Cotai, OTHER, Wynn, COTAI COMPETITION, Pagcor City, Taiwan | 2 Comments
First Singapore, now two more.
We knew the Asian competition wouldnt end with Singapore, right? Singapore was to have just two casinos and it was far enough away that it wouldnt be a threat. And sure, we knew Japan would probably legalize casinos sooner or later, but that wasn’t a big worry either since we couldnt really see the Chinese flocking to Japan to gamble at locals types of casinos. Now though, two more countries have made a move that could be a little concerning.
First, Taiwan has made some noise the last few days. It looks like Taiwan is seriously considering legalizing casino gambling, but is denying that it has already decided to issue three licenses. The Taiwanese probably need to be alittle cautious though with the whole China issue and everything, but this is Macau’s own backyard so a little alarm bell should probably go off.
Now this morning, News reports are everywhere that the Philipines could go ahead with its $20 billion dollar Pagcor City project in Manila Bay that would include casinos, hotels, shopping, dining, entertainment, etc. Wynn’s name is even being thrown around.
The government wants Pagcor City to be just like the Las Vegas Strip. That sounds just a little too familiar, doesnt it.