{"id":22751,"date":"2021-09-17T13:34:17","date_gmt":"2021-09-17T16:34:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22751"},"modified":"2026-04-23T15:34:13","modified_gmt":"2026-04-23T18:34:13","slug":"reaction-to-macau-gaming-laws-changes-exaggerated-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/reaction-to-macau-gaming-laws-changes-exaggerated-analysts-say","title":{"rendered":"Reaction to Macau gaming laws changes exaggerated, analysts say"},"content":{"rendered":"\n

Analysts say the fall in Macau casino operators’ stocks after the government suggested changes to the current city\u2019s gaming laws was unwarranted.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0A group of experts and analysts consulted\u00a0<\/strong>by Macau News Agency believe the market reaction to possible changes to Macau\u2019s gaming laws was excessive<\/strong>.<\/p>\n\n\n\n

Reports of a\u00a0possible change in current gaming laws<\/a>\u00a0caused Macau\u00a0casino operators stocks to fall sharply<\/a> this week. Sands China saw a 32.51 per cent drop in its shares while Wynn Resorts\u2019 share price declined by 10.85 per cent.<\/p>\n\n\n\n

Carlos Siu Lam<\/strong>, Macao Polytechnic Institute gaming industry researcher, said that the level of investor pessimism was excessive, adding that the situation has improved when compared to the last year when the Covid-19 pandemic started.<\/p>\n\n\n\n

He said the gaming law proposals were not surprising, saying: “the money laundering regulations,\u00a0the new structure of Gaming Inspection and Coordination Bureau (DICJ)<\/a>\u00a0in mid-June. With the appointment of new chiefs, DICJ is better prepared for the future.”<\/p>\n\n\n\n

Alidad Tash<\/strong>, managing director at 2nt8 Limited, also said the proposed changes were no surprise. However, he admitted the lack of clarity around the government’s intentions had brought uncertainty.<\/p>\n\n\n\n

Macau has said the current status of sub-concession rights will be cancelled<\/strong>, however, it did not state the possible number of permitted concessions, even if the sub-concession rights will be converted to full concessions. <\/p>\n\n\n\n

One issue that the authorities did not clarify in the document is the\u00a0possible duration of new concession<\/strong>s. The Macau government seems to imply that the current 20-year duration may be too long.<\/p>\n\n\n\n

Tash said: “The fact that the next set of licenses won\u2019t be 20 years was expected, but seeing it explicitly stated scared off the non-professionals.”<\/p>\n\n\n\n

Sandford C. Bernstein<\/strong> said: \u201cIt is not yet announced how many concessions will be granted but to us, it is clear there will be at least six and the chances of additional concessions are low as the government repeated the mantra of sustainable development.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts say the fall in Macau casino operators’ stocks after the government suggested changes to the current city\u2019s gaming laws was unwarranted.<\/p>\n","protected":false},"author":176,"featured_media":22752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts contend that the sharp decline in Macau casino operators' stock valuations, following government proposals for gaming law amendments, was an overreaction. Key concerns revolve around the lack of clarity regarding future concession numbers and durations, despite expert consensus that such regulatory adjustments were anticipated.","focusai_entities":"Sands China, Wynn Resorts, Carlos Siu Lam, Macao Polytechnic Institute, Alidad Tash, 2nt8 Limited, Sandford C. Bernstein, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Concession Duration Impact","query":"What are the projected financial and operational implications for existing concessionaires if the new license duration is significantly shorter than 20 years, and how will this affect capital expenditure planning?"},{"label":"Competitive Landscape","query":"How might the government's 'sustainable development' mantra influence the final number of granted concessions, and what competitive dynamics would emerge from a potentially fixed six-concession structure?"}],"footnotes":""},"categories":[16338,156,158],"tags":[23907,23906],"class_list":["post-22751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-regulation-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22751","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22751"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22751\/revisions"}],"predecessor-version":[{"id":22761,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22751\/revisions\/22761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22752"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}