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free slots penny“The consolidation amongst the junkets here has already largely stabilised.”No Room for Start-UpsThe junket industry has been undergoing a period of consolidation, particularly in the face of tightened regulations, which means existing operators have now achieved the kind of scale that makes it nearly impossible for new companies to enter the market.Speaking at an event organized by the British Business Association of Macao earlier this month, former Hong Kong policelegitimate online slots for real money chief Steve Vickers said that the crackdown on junkets had ultimately been a good thing for the gambling hub because “it has helped cull a large number of unhelpful… junket operators with strong triad connections and this squeezed them out of the market.”This has been spurred by Philippine President Rodrigo Durterte’s efforts to mend diplomatic relations between his country and China, the regional economic superpower, at the expense of a longstanding relationship with the US.At the same time, a corruption crackdown initiated in Beijing has stemmed the slow of gamblers from the Chinese mainland to Macau.China and the Philippines had previously been at loggerheads over disputed territories in the South China Sea, but Duterte’s diplomacy has opened the door to the new, upwardly mobile Chinese middle classes and high roller, alike.In the first two months of 2017, tourism from China was up 25 percent, with Chinese visitors representing 14 percent of all visits to the country. The company also plans to begin construction this year of a second integrated casino resort, in Quezon City, north of Metro Manilla, which is likely to add extra long-term value to its stock.Chinese Tourism BoomThe market is benefiting from a new influx of Chinese tourism. The board has authorized the sale of up to 2 million shares for the same purpose.Fingers in Bloomberry PieThe slices of pie the company is handing out are obviously small, but the pie is hot. In May last year, analysts at Bloomberg declared Melco Crown Philippines to be “the hottest stock in the world.”And Solaire parent legitimate online slots for real moneyBloomberry is not far behind. Owner Bloomberry Resorts Corp plans to reward its best customers by giving them a little ownership in the form of stock. encore casino youtube

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