{"id":39193,"date":"2016-09-05T18:00:44","date_gmt":"2016-09-06T01:00:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=39193"},"modified":"2016-09-05T15:23:58","modified_gmt":"2016-09-05T22:23:58","slug":"parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/","title":{"rendered":"Parisian Macau Awarded 150 Gaming Tables Despite Growth Regulators"},"content":{"rendered":"

\n

\"Parisian<\/a>
The Parisian Macau will open its doors on September 13, but despite resurgent revenue for the gambling hub in August, analysts warns that Macau\u2019s newest casinos will struggle in a low-growth market. (Image: Las Vegas Sands)<\/figcaption><\/figure>\n

Sands China\u2019s new $3 billion casino resort, The Parisian Macau, located on the Cotai Strip will open on September 13th with just 100 gaming tables.<\/p>\n

The allocation by the Macau regulator represents fewer tables than Las Vegas Sands Corp Chairman Sheldon Adelson<\/a> had hoped for, but considerably more than some analysts thought the casino might be awarded, which was zero.<\/p>\n

New table allocations have become a source of intense curiosity and speculation in the Macau gambling sector. Operators of new multi-billion-dollar casinos, conceived\u00a0before Beijing\u2019s crackdown on corruption sent revenues into tailspin, must now beg for scraps from the regulator in order to gain enough tables to allow them\u00a0to be profitable.<\/p>\n

Table games are still the main source of revenue in Macau\u2019s casinos, but the Chinese government is eager to put a lid on gambling expansion and has\u00a0imposed their quota system heavily.<\/p>\n

China wants operators to focus on non-gaming attractions and amenities, but operators argue that the tables provide the revenue that sustain such attractions.<\/p>\n

Limiting Growth<\/b><\/h2>\n

Adelson had hoped to get 250 tables. Instead, he will begin with 100, receiving 25 more in 2017 and a further 25 in 2018. It is a sufficient number to sustain the Parisian, especially because some tables can be transferred to the property from the Sands Macau, according to\u00a0Sanford C. Bernstein & Co analyst Vitaly Umansky.<\/p>\n

\n

In fact, it\u2019s exactly the same deal Wynn Resorts received for its $4 billion Wynn Palace, which flung open its doors on August 22, despite having been built to house 500. The Wynn Palace eventually opened with around 350 tables, having transferred 250 from the Wynn Macau.<\/strong><\/p>\n<\/blockquote>\n

Both the Galaxy Entertainment Group and Melco Crown Entertainment each received 250 for their new projects last year. But the Macau<\/a> regulator, under pressure from Beijing, wants to limit growth to no more than 3 percent per year until 2023. Meanwhile, it aims to increase revenue from non-gaming attractions from 6.6 percent in 2014 to over 9 percent.<\/p>\n

Macau Breaks Its Fall<\/b><\/h2>\n

After 26 consecutive months of dwindling revenues, the gambling hub finally broke its fall in August, posting a 1.1 percent increase. Adelson recently said he believed Macau had finally bottomed out and was beginning to show signs of stabilization, evidenced by a noticeable resurgence in mass market gaming at Sands properties over the summer.\u00a0 \u00a0 \u00a0<\/span><\/p>\n

Despite this, analysts are warning that Macau\u2019s newest properties may struggle in the market, at least initially. “We believe it is much more difficult to ramp up a new property in a low growth environment, based on Studio City’s and Galaxy Macau Phase 2’s performances,” said Praveen Choudhary, analyst at Morgan Stanley in Hong Kong.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Sands China\u2019s new $3 billion casino resort, The Parisian Macau, located on the Cotai Strip will open on September 13th with just 100 gaming tables. The allocation by the Macau regulator represents fewer tables than Las Vegas Sands Corp Chairman Sheldon Adelson had hoped for, but considerably more than some analysts thought the casino might […]<\/p>\n","protected":false},"author":42,"featured_media":39199,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\nParisian Macau Awarded 150 Gaming Tables as Regulator Seeks to Limit Gambling Growth<\/title>\n<meta name=\"description\" content=\"Sheldon Adelson received fewer tables than he wanted for $3 billion Parisian Macau property but analysts warned that it could have been worse.\u00a0\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parisian Macau Awarded 150 Gaming Tables as Regulator Seeks to Limit Gambling Growth\" \/>\n<meta property=\"og:description\" content=\"Sheldon Adelson received fewer tables than he wanted for $3 billion Parisian Macau property but analysts warned that it could have been worse.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-06T01:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-09-05T22:23:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/width-48.jpe\" \/>\n\t<meta property=\"og:image:width\" content=\"1152\" \/>\n\t<meta property=\"og:image:height\" content=\"744\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/\",\"url\":\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/\",\"name\":\"Parisian Macau Awarded 150 Gaming Tables as Regulator Seeks to Limit Gambling Growth\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/width-48.jpe\",\"datePublished\":\"2016-09-06T01:00:44+00:00\",\"dateModified\":\"2016-09-05T22:23:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Sheldon Adelson received fewer tables than he wanted for $3 billion Parisian Macau property but analysts warned that it could have been worse.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/parisian-macau-awarded-150-gaming-tables-regulator-seeks-limit-gambling-growth\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/width-48.jpe\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/09\/width-48.jpe\",\"width\":1152,\"height\":744,\"caption\":\"The Parisian Macau will open its doors on September 13, but despite resurgent revenue for the gambling hub in August, analysts warns that Macau\u2019s newest casinos will struggle in a low-growth market. 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