Zona de Azar China – China Considers Legal Gambling on Hainan Island

China.- February 05, 2018 www.zonadeazar.com China is drafting a proposal to allow gambling on Hainan Island, people familiar with the talks said, in what would be an unprecedented move that could reshape gaming in China’s territories and transform the economy of a strategic southern province.

Government agencies under a party reform group headed by President Xi Jinping are considering allowing online gaming, a lottery or sports betting in Hainan, said the people, who asked not to be identified because the discussions aren’t public. The proposal, which is still in an early stage, could open the door to physical casinos over the long term, two of the people said. China currently bans gambling and casinos on the mainland.

The proposal is part of a wider plan that includes relaxing visa rules and building a new airport to draw more foreign tourists to Hainan, two of the people said. That comes as the province faces a fiscal deficit and contends with the debt woes of HNA Group Co., its biggest conglomerate, which is facing pressure from creditors after a global acquisition spree.

MGM Cotai Could Miss Chinese New Year Tourism Influx, Resort Licensing Delays Continue

There’s no guarantee that MGM Cotai will be open for business ahead of the busy February 16 Chinese New Year. That’s according to the Macau Government Tourism Office, which told GGRAsia this week that the $3.45 billion property still hasn’t been issued the necessary hotel and amenities licensing to welcome guests for what is one of the biggest days for tourism in the gambling enclave’s casinos.

Editó: @_fonta   www.zonadeazar.com