U.S. Casinos Won’t More Get Macau Licenses, Caesars Predicts
This article is for subscribers only.
The government of Macau won’t issue any licenses for new U.S. companies to operate casinos in the world’s largest gambling market, Gary Loveman, chief executive officer of Caesars Entertainment Corp., predicted.
Loveman, in a presentation yesterday to analysts and investors in Las Vegas, said he has spoken at length with Chinese officials and that his company was unlikely to obtain a concession to operate a casino in Macau, the only part of China where casino gambling is legal.