|Macau is looking to Nevada's gaming regulation as a template for drafting its own legislation, according to sources in Macau. |
Macau chief executive Edmund Ho has asked for a meeting with Nevada gaming regulators for a series of discussions aimed at helping Macau representatives toughen up its casino regulations.
'I believe the government of Macau is serious about instituting sweeping changes,' said Neilander, adding that serious deficiencies in the way Macau casinos are supervised need to be addressed.
'Macau wouldn't have selected Nevada operators if it didn't want to change its regulatory regime,' said a source who attended the Wednesday meeting. 'Edmund Ho is serious about this effort.'
Macau granted licenses earlier this year to big-league casino developers Steve Wynn and Sheldon Adelson to build and operate resort-style casinos in Macau, a semiautonomous Special Administrative Region (SAR) of China
Wynn and a group of Wall Street investment bankers were in Macau this week touring Wynn’s planned Macau casino site and meeting government officials. While Wynn and company chewed the fat in Macau, a 16-strong group of Macau officials flew out to Las Vegas. 'Apart from observing the gambling industry and facilities in Las Vegas, the delegates will also meet with the representatives from tourism, civil affairs, health sector, universities and customs in Las Vegas to exchange opinions and to understand the management and operation of the above fields,' noted the Macau government's English-language Web site.