Strategic implications considering Macau’s new gaming law “will be felt much sooner”, says study
The strategic and operational implications in light of the new gaming law will be felt much sooner, despite Macau’s economic diversification plan requiring some time to take shape, and the regulatory and industry-wide changes will gradually be compounded into substantial differences over the next decade and beyond, says a research report.
Macau’s gaming law to be strengthened to stamp out illegal gaming
The Macau government decided to take another step forward in stamping out illegal gaming in the city, despite the spokesperson for the Executive Council denying that the move is aimed at junket cases like Suncity and Tak Chun.
Sands China restructuring capital of Macau subsidiary to comply with gaming law
Sands China is restructuring the share capital and management of its concession-detaining subsidiary in Macau, the second company to announce such a restructuring following the government’s granting of provisional 10-year gaming concessions to the six incumbent operators.
Macau gaming law designed to restrict industry size: legal expert
Macau’s new gaming law is specifically designed to restrict the size of the industry, writes gaming law expert Nelson Rose in a blog entitled “Macau’s Distressing New Casino Laws.”
Macau gaming law introduces “significant changes” to policy goals, aligns with China
Newly passed amendments to Macau’s gaming law reflect “significant changes to the policy goals” for the gaming industry and align with concerns expressed by China about national security and illegal cross-border capital flows, a leading local law firm writes.
Macau operators “truly grateful” for extension, gaming law revisions
In response to the approval of the Macau operators “truly grateful” for the extension of the contracts, gaming law revisions, as they set the pathway towards a smooth transition ahead of the tender for the new concessions. All reiterate their readiness to participate in the tender process.
Your Daily Asia Gaming eBrief: Macau passes gaming law-Australian regulators get tough
Following the tawdry revelations that emerged from inquiries into Australia’s Crown Resorts and later Star Entertainment, regulators finally seem to be prepared to get tough.
Gaming operators welcome passage of Macau amended gaming law
Macau’s operators have welcomed the passage of the city’s amended gaming law, which heralds the first major regulatory change in two decades.
Macau gaming law tweaks seen as little more than a bandaid
Macau legislators proposed two key amendments to the city’s gaming law bill this week, but both are seen as short-term patches that do little to help solve some of the larger issues facing the industry.
Macau gaming law amended to help satellite casinos
Macau's draft gaming law has been amended to help satellite casinos, which will now be able to operate for longer than the original three-year transition period, but without revenue sharing.