The Macau government is proposing a bill barring new gaming projects from being developed in any fresh land reclamation scheme involving the city’s demarcated waters.
The bill was announced on Tuesday by the city’s Executive Council – the Macau government’s main advisory body.
The decision to bar casinos from any new land reclamation scheme also covers a set of five land reclamation projects currently under development, said the Executive Council’s spokesperson.
The bill announced on Tuesday aims to set a framework for the management of Macau’s newly demarcated waters.
It was announced in December 2015 that Macau was to be given powers to administer 85 square kilometres (33 sq miles) of water surrounding the territory, following a decision from China’s State Council. At the time, it had already been announced that if any land reclamation was to take place in those waters, gaming venues would not be allowed.
Any fresh proposal for land reclamation involving Macau’s newly demarcated waters needs to be approved to China’s central government.
At the time of Macau’s handover from Portuguese administration in 1999, there was no provision for the Macau government to manage the waters surrounding the territory.
Jul 16, 2018New research from JP Morgan Securities (Asia Pacific) Ltd advises investors in Macau gaming stocks to stay calm in the face of a disappointing second quarter and to take long positions. In its...
Jul 16, 2018
Jul 16, 2018
Jul 13, 2018
"The President [Rodrigo Duterte] had already decided and announced that no construction of a casino on Boracay will be allowed”
Secretary Eduardo Año
Officer-in-charge at the Philippine Department of Local and Interior Government