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.
Dec 19, 2018Hajime Satomi, chairman and chief executive of Japanese entertainment conglomerate Sega Sammy Holdings Inc, has played down interest in pursuing a licence for a casino resort in Osaka, showing a...
Dec 19, 2018
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”Assuming we pursue development in the Tokyo metropolitan area, it is possible that it will be a large-scale project and ... we would like to hold the largest equity share in it”
Chairman and CEO of Japanese conglomerate Sega Sammy Holdings