Macau’s Chief Executive Fernando Chui has announced that the government will commit to holding back the growth of it’s local casino industry to ensure that profits are stabilised for the existing casinos and to prevent over expansion of it’s extremely successful gambling market. This is generally less than positive for the American based casinos who have basically participated in a land rush in the last few years on the Cotai strip and committing to building as much as they can.

Chui also announced that the Macau government is set to produce a government depart to monitor the growth of the gambling industry. On receiving the news, shares of casino operators lost about 0.2 and 2% on the Hong Kong stock exchange. The Macau government will now focus on providing more public housing for it’s citizens rather than using their land for purely gambling purposes.

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