A report signed by the Macau Legislative Assembly subcommittee suggests the government should explain whether the city will extend its current gaming concessions and what it plans regarding a revision of the city\u2019s gaming law.<\/p>\n\n\n\n\n\n\n\n
Macau.- Amid growing speculation that\u00a0Macau will extend its current gaming concessions<\/a>, a subcommittee of the\u00a0Macau Legislative Assembly<\/strong>\u00a0has issued a report with recommendations for the government.<\/p>\n\n\n\n The report suggests authorities should give more information about\u00a0changes to the licence criteria\u00a0<\/strong>and the extension of current gaming concessions. Members also suggested authorities should not rush to renew licences<\/strong>, arguing that this might result in \u201clower-quality\u201d bids\u00a0<\/strong>for the city\u2019s gaming rights.<\/p>\n\n\n\n Macau\u2019s current casino licences<\/strong> will expire in June 2022<\/strong> but could be extended for up to five years under the city\u2019s gaming laws<\/p>\n\n\n\n In July, Macau\u2019s secretary for economy and finance<\/a> said a public consultation on gaming law will be held in the second half of this year. Now, the committee of legislators urged the government to announce an exact date<\/strong> “to avoid causing constant doubts in society.”<\/p>\n\n\n\n Last November, authorities insisted that the public tender to renew casino licences<\/a> would not be delayed due to the Covid-19 pandemic and that new legislation would be ready<\/strong> in time <\/strong>for when licences expire in 2022.<\/p>\n\n\n\n However, that will depend on the length of the public consultation and on the\u00a0upcoming Legislative Assembly elections<\/strong>. Several\u00a0industry experts believe the process will be delayed\u00a0<\/strong>until after the\u00a0elections<\/a>\u00a0so that new legislators will be in charge of amending Macau\u2019s gaming law.<\/p>\n\n\n\nExperts expect changes to licence criteria<\/strong><\/h2>\n\n\n\n