The review of gaming legislation, necessary for the retender process for casino concessions, will take place in the second half of 2021.<\/p>\n\n\n\n\n\n\n\n
Macau.- The revision of gaming legislation has been delayed due to the impact of the Covid-19 pandemic, according to the SAR’s chief executive, Ho Iat Seng.<\/p>\n\n\n\n
Ho said in a press conference: \u201cBecause of the pandemic we delayed some works for the public consultation but we are making efforts to go forward. It is work that needs to be done. <\/p>\n\n\n\n
“It will take place in the second half of next year. We\u2019re almost in the new year and we still have to prepare the AL elections”.<\/p>\n\n\n\n
The review of the current gaming law is necessary for the public retender process for current gaming concessions, which expire in June 2022.<\/p>\n\n\n\n
Ho refused to confirmed speculation that Macau is likely to delay the retender process and extend current concessions beyond the 2022 deadline due to the impact of the Covid-19 pandemic.<\/p>\n\n\n\n
Ho said: \u201cWe are still consolidating the legal framework [\u2026]. It is hard to comment because it relates to the future development of Macau. When we have a complete legal framework we will reveal more details”.<\/p>\n\n\n\n
The 2021 Policy Address document published in November\u00a0stated that the draft revised gaming law could be submitted to the Legislative Assembly (AL) by the last quarter of next year, depending on when the public consultation process is initiated.<\/p>\n","protected":false},"excerpt":{"rendered":"
The review of gaming legislation, necessary for the retender process for casino concessions, will take place in the second half of 2021.<\/p>\n","protected":false},"author":2,"featured_media":12901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Chief Executive, Ho Iat Seng, announced a delay in the review of gaming legislation, now expected in the second half of 2021, due to the Covid-19 pandemic. This legislative review is critical for the retender process of casino concessions, which are set to expire in June 2022. Ho refused to confirm speculation regarding a potential extension of current concessions.","focusai_entities":"Ho Iat Seng, Legislative Assembly (AL)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Concession Extension Likelihood?","query":"Given the legislative delays and the Chief Executive's non-committal stance, what is the probability of a short-term extension for current Macau gaming concessions beyond June 2022?"},{"label":"Regulatory Framework Impact?","query":"How might the delayed public consultation and legislative review influence the scope and stringency of the new regulatory framework for Macau's gaming concessions?"}],"footnotes":""},"categories":[160,16338,154,158],"tags":[23800,225,257],"class_list":["post-12897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-legislation-news","category-slider-home","tag-gaming-law","tag-legislation","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12897"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12897\/revisions"}],"predecessor-version":[{"id":12905,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12897\/revisions\/12905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12901"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}