• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau gaming law revision by 4Q 2021 says new policy doc

Nov 16, 2020 Newsdesk Latest News, Macau, Top of the deck  


Macau gaming law revision by 4Q 2021 says new policy doc

The amendment of Macau’s Gaming Law is to be part of the local government’s agenda for 2021, said on Monday Macau’s Chief Executive, Ho Iat Seng, in the city government’s Policy Address for the next fiscal year.

The address was at a meeting of the Legislative Assembly (pictured). Mr Ho said that for 2021, the Macau government would work to “improve the legal framework for the gaming industry”, and “start the preparatory work for Macau’s gaming concessions”. That was understood to be a reference to a public retender process occasioned by the expiry in June 2022 of the six existing Macau gaming licences.

According to the more detailed policy document released following Mr Ho’s address, the local government plans to start revising the city’s gaming law by the first quarter of next year, and to complete the task by the fourth quarter, prior to submitting a finalised draft bill to the Legislative Assembly. But the timetable could be influenced by a public consultation process the government has pledged to hold, the document noted.

Macau’s Secretary for Economy and Finance, Lei Wai Nong, had in October mentioned to the media that the government planned to have ready by 2021, a bill amending the city’s gaming law. The local authorities say such a step is necessary, ahead of a public retender process.

At a press briefing following the Policy Address speech, Macau’s Chief Executive declined to comment on what he said was the “speculative” issue of whether the city’s government would consider any extension of the city’s current gaming concession terms.

Angela Leong On Kei, a legislator and also an executive director at Macau gaming licensee SJM Holdings Ltd, told public broadcaster TDM Chinese radio that a timetable for the Macau gaming concessions retender timetable – absent in the Policy Address 2021 document -  would still be subject to developments in the Covid-19 pandemic.

But Ms Leong said she believed that the existing local gaming operators would be “prepared” to meet relevant requirements of the Macau government regarding a refreshment process over gaming rights.

The Macau government would continue to “foster responsible gambling”, and to “combat illegal gambling” activities, Mr Ho told the legislators in his address during today’s Legislative Assembly gathering.

The policy document, also said the Macau government would “update and elaborate” the reporting standards on “substantial transactions” of the city’s gaming operators and junket operators, and “strengthen due diligence” on gaming operators’ electronic transfers of “capital”. It was not clear whether that was a reference to money for VIP gambling, or some other form of fund transfer.

(Updated 6.30pm, Nov 16)


  • tweet
Related articles
  • Kangwon Land Inc names Choi Cheol-Gyu interim CEO 
    Kangwon Land Inc names Choi...

    Dec 06, 2023  

  • Star Vegas seeking more junket operators: Donaco CEO
    Star Vegas seeking more junket...

    Oct 05, 2023  

More news
  • Star Sydney has 6mths to regain licence, risks closure: report
    Star Sydney has 6mths to regain...

    Dec 06, 2023  

  • Lessons from NSW cashless gaming trial: Aristocrat CEO
    Lessons from NSW cashless gaming trial:...

    Dec 06, 2023  


Latest News

Star Sydney has 6mths to regain licence, risks closure: report

Star Sydney has 6mths to regain licence, risks closure: report

Dec 06, 2023  

Australian casino operator The Star Entertainment Group Ltd has been given a “six-month deadline” to regain the licence for its flagship Sydney casino, or face the possibility...
Read More
Lessons from NSW cashless gaming trial: Aristocrat CEO

Lessons from NSW cashless gaming trial: Aristocrat CEO

Dec 06, 2023  

South Korea key source of Vietnam tourists Jan-Nov

South Korea key source of Vietnam tourists Jan-Nov

Dec 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$250 million

Las Vegas Sands intends to pay to increase its shareholding in Macau casino operator Sands China by nearly 1.2 percent



Most Popular

  • Sands China ties to China’s Tencent Video, Maoyan EntSands China ties to China’s Tencent Video, Maoyan Ent December 4, 2023
  • Room for Macau casino industry top-line growth: CitiRoom for Macau casino industry top-line growth: Citi December 4, 2023
  • Macau 4Q mass GGR might rise 10pct q-o-q: JP MorganMacau 4Q mass GGR might rise 10pct q-o-q: JP Morgan December 5, 2023
  • Soil remediation work starts at MGM Osaka siteSoil remediation work starts at MGM Osaka site December 5, 2023
  • NUSTAR giant LED has Aristocrat as debut slot promoNUSTAR giant LED has Aristocrat as debut slot promo December 4, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us