2024.07.17
chukchansi casino slotsChinese officials announced a plan to turn the province of Hainan into a free trade zone, but that plan does not include casinos or horse racing. (Image: CGTN.com)That announcement was made on Tuesday, when the Chinese government released its plan to develop the province into a free trade zone (FTZ).Casinos Not Part of Hainan Development PlanSome rules will be relaxed in the FTZ, allowing foreign firms more access to Chinese markets in a variety of sectors. In April, the Communist Party Central Committee suggested that the province would be encouraged to at least explore allowing such activities.The hope was likely that some form of gambling would help attract foreign visitors to the island. paragon casino cabinsAs a result, gross gambling revenue (GGR) fell from billion in 2013 to .9 billion three years later.Casino operators that invested tens of billions of dollars in their integrated casino resorts switched their focus away from the high roller to more of the mass market. (Image: CGTN.com)That announcement was made on Tuesday, when the Chinese government released its plan to develop the province into a free trade zone (FTZ).Casinos Not Part of Hainan Development PlanSome rules will be relaxed in the FTZ, allowing foreign firms more access to Chinese markets in a variety of sectors. “President Xi Jinping talked more about developing lotteries. casino 58 boomtown casino logoblack lotus casino free spins“President Xi Jinping talked more about developing lotteries. Pennsylvania’s SugarHouse casino is bailing on its New Jersey sports betting partner, the Golden Nugget, because the Nugget is forbidden from offering NBA betting under New Jersey gambling laws. Chinese officials announced a plan to turn the province of Hainan into a free trade zone, but that plan does not include casinos or horse racing. morongo casino new years evePennsylvania’s SugarHouse casino is bailing on its New Jersey sports betting partner, the Golden Nugget, because the Nugget is forbidden from offering NBA betting under New Jersey gambling laws. “President Xi Jinping talked more about developing lotteries. Now, with a national campaign against corruption underway, the winds appear to have shifted against even considering gaming expansion.Industry Was Skeptical of Hainan Casino All AlongThat decision doesn’t come as a shock, however. free slots 6000 mgm casino washington dctwin river casino slotsChina has tried to market it as a tourism destination, but it has not proven wildly popular, with fewer than a million foreign visitors coming to Hainan in 2016. Now, with a national campaign against corruption underway, the winds appear to have shifted against even considering gaming expansion.Industry Was Skeptical of Hainan Casino All AlongThat decision doesn’t come as a shock, however. Chinese officials announced a plan to turn the province of Hainan into a free trade zone, but that plan does not include casinos or horse racing. In April, the Communist Party Central Committee suggested that the province would be encouraged to at least explore allowing such activities.The hope was likely that some form of gambling would help attract foreign visitors to the island. In May, most industry insiders at the Global Gaming Expo Asia 2018 fq casino pokerelt that the chances were slim that Beijing would ultimately approve any major gambling expansion in Hainan.“I don’t think there will be a land-based casino industry set up in Hainan, at least not in the foreseeable future,” Melco Resorts CEO and chairman Lawrence Ho told the South China Morning Post during the trade show. “President Xi Jinping talked more about developing lotteries. brian christopher slots is he married luckyland casino android app |