Proposed revised law shows indications of Macau authorities intent to reign in and increas...

Gaming law proposal clearly shows Gov’t intentions to reign in concessionaires and junket operators – Brokerages – Macau Business

Proposed revised law shows indications of Macau authorities intent to reign in and increase oversight of gaming concessionaires and junket operations, while likely maintaining at least six gaming concessions, brokerage analysts considered.Macau today launched its public consultation with respect to revising a gaming law and industry framework first enforced 20 years ago, and although many details concerning the future legislation will still be fleshed out.The consultation document identifies the main elements under consideration, namely, social responsibility; non-gaming development; strengthening government supervision and strengthening penalties for violations.‘It is not yet announced how many concessions will be granted but to us, it …

 

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