Australian maker of slot machines Aristocrat Leisure Ltd says it has set up a limited liability company to handle its business in Macau.
Aristocrat Leisure issued a written statement earlier this month that said the new setup aimed to comply with a government proposal requiring makers of gaming equipment to operate through a limited liability company registered in the Special Administrative Region of mainland China, rather than through a branch of a foreign-owned company.
“The draft legislation included an effective date of 1 January, 2019; however the revised regulations have not yet been published,” the firm stated.
It added: “To ensure compliance with these requirements and to allow sufficient time to manage all the aspects associated with transferring our business to a local limited liability company, Aristocrat has established a locally registered company, Aristocrat Technologies Macau Ltd.”
The statement said the new firm already had been licensed by the gaming regulator in the city, the Gaming Inspection and Coordination Bureau or DICJ.
The Aristocrat group of companies owns 100 percent of Aristocrat Technologies Macau.
Aristocrat Technologies Macau will do the work done until now by another arm of the Aristocrat group, Aristocrat (Macau) Pty Ltd. The latter’s DICJ licence is due to expire on Sunday.
“Please be assured that we are working to ensure the transfer to the new entity occurs without inconvenience and with no disruption to our usual business processes,” the statement quoted Chris Rowe, Aristocrat Leisure Asia-Pacific managing director, as saying.
The managers, directors and officers of Aristocrat Technologies Macau are the same as the managers, directors and officers of Aristocrat (Macau) Pty.
Feb 25, 2021Macau casino operator Galaxy Entertainment Group Ltd plans to stengthen its focus on the mass and premium mass segments of the gaming market, as the city’s VIP sector is likely to be challenged by...
Feb 25, 2021
Adjusted EBITDA reported by Macau casino operator Galaxy Entertainment for the fourth quarter of 2020