What is this about?

stephen-young-consul-usa-macao.jpg “For an American representative here, the fact that we have us$ 6 to us$ 8 billion of direct investment in the Macau gaming industry alone warrants my attention,” said consul general Stephen Young.

These are dynamic types for gaming;  a casino opened in Philadelphia today – Philadelphia is now officially the largest city in the country with a casino; an honor it will hold until some time next year when the slot machines are installed at Aqueduct in New York City, well Queens actually, but to everyone who does not live in NYC, Queens is in New York City.  In Illinois, a candidate to replace Daley as mayor of Chicago announced a plan to put a temporary casino in Chicago, not on a river or lake, but in the City.  Penn National bought into two race tracks in Texas, clearly Penn has a plan for casinos in Texas and must believe it has a chance to get them.  Next week slot machines come to Maryland and they are making plans, cleaning up lots and breaking ground in Ohio for the state’s four casinos that will be opening some time in the next two years. In the last couple of months table games have been added in West Virginia, Pennsylvania and Delaware. Add to that two new buyers have come to Atlantic City breathing some hope into that city and we have a picture of an industry in the midst of some pretty significant developments and changes – and yet it is the non-news that grabbed my attention today.

The United States Consul General in Macau is out and about; he is making comments on money laundering, good management practices, the importance of investments in the gaming industry in Macau and anything thing else he feels like.  He has met with representative of the Macau government – a task for which he was appointed; but he has also met with the management of each of the casinos owned by American company and he is planning on meeting with the new Sands management team. I wonder if he has toured the count rooms yet and conducted a review of internal control systems, interviewed prospective dealers and possibly had lunch with a couple of high rollers.  Am I confused?  Is this a proper role for a government official? I think he ought to take a trip to the mainland, tour the Great Wall and work off some of his excess energy.


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September 2010
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