Macau consultation on gaming law to open on September 15
Macau’s Gaming Inspection and Coordination Bureau has confirmed that a public consultation on gaming law will open on September 15.
Macau.- Macau’s Gaming Inspection and Coordination Bureau (DICJ) has confirmed that a public consultation on the revision of the city’s gaming law will be launched on September 15.
The consultation will run until October 29, and authorities expect to finish the amendment of the gaming law by the final quarter this year before presenting a draft bill to the Legislative Assembly.
Macau’s current casino licences are due to expire in June 2022. However, the city’s gaming laws state that licences can be extended for up to five years from the original 20-year term. Authorities say Macau’s gaming law should be reviewed before a fresh public tender process.
Macau wants to increase mass-market segment
According to the draft version of the city’s second Five-Year Development Plan, authorities expect to increase the mass market’s share of the gaming industry and to oversee the allocation of new live-dealer gaming tables.
The draft Five-Year Development Plan reveals authorities would attempt to “work on the design” of the city’s gaming area, including pushing for an “increase in the proportion” of mass-market play.
The plan doesn’t set goals for casino gross gaming revenue (GGR) growth, but Sanford C. Bernstein Ltd expects casino mass GGR in Macau to recover to pre-pandemic levels by 2023.
