Macau’s operators have thrown their weight behind the government’s amendments to its gaming law, saying the proposals provide a clear and timely roadmap ahead of the re-tendering process.
The government outlined many of the key features of the upcoming bill in a press conference on Friday. There will be six concessionaires who will be given a 10-year license. Some of the more controversial proposals presented when the amendments were first published in September, such as government supervision of the operators and restrictions on the distribution of capital, appear to have been dropped.
“The bill presented today provides details over various key aspects of the overall administrative procedures and timetable, outlining a clear roadmap on the upcoming important milestone of retendering which is critical to maintain a healthy and sustainable development for the gaming industry in the future,” MGM China said.
“At MGM China, we wish to express our sincere gratitude to the Macao SAR Government for providing us guidance and ample timing in assisting us with our preparation towards the tender submission.”
Melco Resorts & Entertainment thanked the government for taking on board the opinions of society and the gaming industry when compiling the new law.
“Melco is fully confident in the development of the integrated tourism and leisure industry,” it said. “The company is committed to participating in the public tender of the award of a gaming concession and will continue to promote economic diversification in Macau.”
SJM getting prepared
SJM Resorts also praised the government for listening to feedback.
“The bill has improved the relevant contents of the existing gaming law with details on the proposed amendments and clear guidelines for the benefit of a sustainable and healthy development of Macau’s gaming industry,” it said. “SJM is getting prepared for the new tendering while awaiting the announcement of more details from the Government.
As always, SJM fully supports and coordinates with the Government in safeguarding the security of the Nation and Macau SAR, and in promoting the prosperity and stability of the city, further advancing the cause of “One Country, Two Systems” in Macau.”
Sands China put forward a similar message, thanking for the government for setting out clear guidelines.
“Sands China will fully cooperate with the SAR government to support the passage of the bill, thereby contributing to the healthy and sustainable development of Macao’s gaming industry.
Sands China remains optimistic about the future of Macao’s integrated resort industry, and is looking forward to submitting its bid for a Macao gaming concession,” it said.
The actual bill is expected to be published in coming weeks and it will need to be passed to the Legislative Council for review. Following the passage, work on the public re-tender can begin.
The current licenses expire on June 26th and the government has said it would be prepared to allow a short extension should the timeframe be too tight.
As one of Macau’s pioneering Concessionaires, Wynn fully supports and welcomes the Macau SAR government’s draft amendment to the Gaming Law.
We are encouraged that the Government has expedited the review process and also taken into consideration the views of the industry and the general public, and provided clarity on many of the outstanding issues.
We believe that the enhancement of these regulations will significantly strengthen the sustainable development of Macau over the long-term, and we look forward to working closely with the Government and actively participating in the public tender process.
Galaxy for the community
Galaxy Entertainment Group (GEG) welcomes the bill to amend the “Legal Framework for the Operations of Casino Games of Fortune” that the Macau SAR Government announced earlier. GEG will proactively support the related work of the Macau SAR Government, as well as the gaming industry’s sustainable and healthy development, in order to contribute to Macau’s long-term prosperity.
Dr. Lui Che Woo, Chairman of GEG, said, “We agree and fully support the goals of the SAR Government’s proposed legislation, which holds that national and Macau SAR security should be put as top priority when operating casinos and gaming-related activities, whereas Macau’s economic diversification and sustainable development should be promoted.
We believe that having optimized laws and regulations in place will lay a solid foundation for the city’s steady development and propel the synergetic development of the gaming industry, leading to Macau’s overall economic resilience and diversity.”
Deeply rooted in Macau, GEG upholds the philosophy of “What is taken from the community is to be used for the good of the community” and is fully committed to making positive contributions to Macau. GEG will work together as one mind to fully prepare itself for new opportunities while making every effort to fulfill its corporate social responsibilities.