Steve Wynn’s new gambling facility in Macau, called Wynn Palace, is slated to open Aug. 22 with fewer table games than he had asked the local government to approve.

According to reports, Wynn wanted 500 but applied for 400, eventually receiving just 100, with an extra 50 coming over the following two years. The casino will even have greater than 1,100 slot machines, however the selection of tables approved is a huge deal because historically Macau’s gambling industry has depended on high rollers dumping lots of cash on the tables. That model made it the most important gambling market within the world, but if mainland China decided to crackdown on what it saw as corruption inside the junket industry’s business of extending credit to high rollers, gambling revenue plummeted citywide.

The decline was ongoing for 2 years.

The local and national government are pushing casinos toward relying less on gambling dollars than they once had, in order that means less of a focal point on VIP players.

High-stakes baccarat specifically once generated 91 percent of Macau’s gambling revenue.

Wynn Resorts told Bloomberg that it's “satisfied” with the table allotment. Casino developers Galaxy Entertainment Group and Melco Crown Entertainment opened new casinos last year that got 250 tables each, Bloomberg reported.

Last fall, Steve Wynn had harsh criticism over the table game cap.

“Here in America, we might never have a Las Vegas of the range we’ve had if the town had told us what number of tables lets spread,” Wynn said. “The table cap is the one most counterintuitive and irrational decision that was ever made.”

Previously slated to open in March, Wynn Palace, with a view to be the billionaire Las Vegas mogul’s third casino within the former Portuguese colony, took six years to build.

Read More... [Source: CardPlayer Poker News]