SJM Holdings Ltd, Galaxy Entertainment Group Ltd and Wynn Macau Ltd <\/strong>expressed concerns about the idea of raising the minimum share capital required for the gaming companies.<\/p>\n\n\n\nCasino operators also said the government should give more details on the proposal that gaming concessionaires should be part held by a Macau resident. <\/p>\n\n\n\n
Several junket operators and trade associations also attended the consultation\u00a0<\/strong>and asked the authorities to clarify what actions would constitute the crime of illegally accepting funds.\u00a0The recommended penalty for this type of crime is up to five years in prison or a fine. However,\u00a0the government representatives did not specifically respond<\/strong>\u00a0to the junkets\u2019 inquiries.<\/p>\n\n\n\nThe consultation will run until October 29, and authorities expect to finish the amendment of the gaming law<\/strong> by the final quarter this year before presenting a draft bill to the Legislative Assembly. <\/p>\n\n\n\nSands China hotel rooms to be used for Covid-19 quarantine<\/h2>\n\n\n\n
Authorities have reported\u00a0<\/strong>that nearly 2,000 hotel rooms at the Londoner Macao complex<\/strong>, operated by Sands China Ltd, have been allocated to use as part of the city\u2019s quarantine programme.<\/p>\n\n\n\nMacau has entered into \u201cimmediate pandemic prevention\u201d mode<\/strong>\u00a0due to two local cases of Covid-19. According to the government,\u00a01,573 people are under medical observation\u00a0<\/strong>either in hotels used for quarantine or in Health Bureau premises.<\/p>\n","protected":false},"excerpt":{"rendered":"Macau\u2019s Gaming Inspection and Coordination Bureau has confirmed that the public consultation on gaming law has been cancelled after two local cases of Covid-19 were detected.<\/p>\n","protected":false},"author":176,"featured_media":22027,"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 Gaming Inspection and Coordination Bureau (DICJ) has cancelled the initial public consultation session on proposed gaming law amendments due to a new COVID-19 outbreak, introducing further uncertainty into the legislative timeline. Key concerns raised by operators during prior consultations include increased minimum share capital requirements and mandatory local resident ownership in concessionaires. Additionally, nearly 2,000 hotel rooms at Sands China's Londoner Macao complex have been allocated for quarantine purposes.","focusai_entities":"Gaming Inspection and Coordination Bureau, DICJ, SJM Holdings Ltd, Galaxy Entertainment Group Ltd, Wynn Macau Ltd, Sands China Ltd, Legislative Assembly, Health Bureau","focusai_location":"Macau, Londoner Macao","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Reschedule Impact?","query":"What is the estimated timeline for rescheduling the public consultation sessions, and how might this delay impact the government's target of amending the gaming law by Q4 this year?"},{"label":"Capital Requirement Analysis?","query":"What specific financial and operational analyses have the casino operators conducted regarding the proposed increase in minimum share capital, and what are their projected impacts on balance sheets and future investment capacity?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-22990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22990","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=22990"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22990\/revisions"}],"predecessor-version":[{"id":23012,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22990\/revisions\/23012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22027"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}