 The new President-elect of Taiwan has informed that he intends to encourage the casino business in his country, as a way to enhance economy. Ma Ying-Jeou said he is prepared to open the doors to the gaming world, since it could be the only solution for Taiwan’s financial problems.
Ma Ying-Jeou has made his intentions clear: when he takes office in 20th May, a new gaming era will start in Taiwan. “Local governments will have the right to issue gambling licenses,” the President-elect said. “The measure will be an effort to improve the country’s economy. We expect that, if we build large casino and hotel complexes, gamblers from China will come to bet here.”
Currently, Macao is the capital city of gambling and it has dethroned the traditional gambling mecca of the world. Eventually, Taiwan intends to compete with Macao for the profits the former Portuguese enclave receives nowadays.
In spite of Ma’s decision, the Parliament has yet to approve the legalization of casinos. Once they approve it, local authorities will have the power to authorize licenses for casino developers. According to the plans of the President-elect, the Penghu archipelago will be the most benefited area.
Source: Article originally published in MediaGambling
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