Yeah, Travis Holium article clarified he's not just a Motley Fool, he's a total ignoramus.
He was still making use of the Hainan Island fiasco, where that one hotel had a non-cash gambling game in their bar, but turns out they were not authorized and were clobbered by the central govt as soon as the media picked this up. Clearly the hotel's strategy was to present authorities with a fait accompli and see what happaned. Well, what happened is that they got squashed.
The central govt is firmly behind enforcing Macau's gambling monopoly and anything said otherwise is pure speculation. Were they to branch out and allow a second venue, you know this will have to be far into the future as they have very recently pulled in mega-dollars of foreign investment based upon Macau's exclusivity. Not saying the monopoly goes on forever, but it looks very safe for at least the rest of this decade . . .
I think it works the opposite regarding call options with stock. There is usually a high premium in the calls. The contract writers keep that premium if they expire worthless. My experience with stock indicates the bigger portion of call contracts are written to expire worthless. Just look at what happened last month. Around 55,000 call options expired worthless.