{"id":26294,"date":"2022-01-17T07:18:15","date_gmt":"2022-01-17T10:18:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26294"},"modified":"2026-04-23T12:13:42","modified_gmt":"2026-04-23T15:13:42","slug":"macau-casino-operators-in-favour-of-gaming-law-amendment-bill","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-operators-in-favour-of-gaming-law-amendment-bill","title":{"rendered":"Macau casino operators in favour of gaming law amendment bill"},"content":{"rendered":"\n

All six Macau casino operators have shown support for amendments to the gaming regulatory framework announced by the government last Friday.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau\u2019s six gaming concessionaires, MGM China, Sands China, Wynn Macau, SJM Resorts, Melco Resorts & Entertainment and Galaxy Entertainment Group have all issued statements welcoming proposed amendments to the gaming regulatory framework.<\/p>\n\n\n\n

The government of Macau announced on Friday a bill for the city’s new gaming law<\/a> will allow up to six gaming concessions with a length of 10 years and the possibility of a 3-year extension.<\/p>\n\n\n\n

MGM China Holdings Ltd<\/strong> said in its statement that the bill “provides details over various key aspects of the overall administrative procedures and timetable, outlining a clear roadmap on the upcoming important milestone of retendering.”<\/p>\n\n\n\n

Sands China Ltd. <\/strong>said the amendments provide “clear guidelines on several proposed changes following feedback from the industry and the general public.”<\/p>\n\n\n\n

Wynn Macau<\/strong> said: \u201cThe enhancement of these regulations will significantly strengthen the sustainable development of Macau.”<\/p>\n\n\n\n

SJM Resorts SA<\/strong> said the bill showed \u201cthe Government has taken into account the views collected from the industry and various sectors during the public consultation.\u201d<\/p>\n\n\n\n

Galaxy Entertainment Group <\/strong>also showed support for the new gambling law and said that “having optimised laws and regulations in place will lay a solid foundation for the city\u2019s steady development.”<\/p>\n\n\n\n

As regards Melco Resorts and Entertainment<\/strong>, the casino operator said it is \u201ccommitted to participating in the public tender of the award of a gaming concession and will continue to promote economic diversification.”<\/p>\n\n\n\n

There would be up to six concessions under the government-backed bill, ending the current sub-concession system<\/a>. Another condition put forward by the government is that operators can only have a maximum of 30 per cent of their shares listed publicly. <\/p>\n\n\n\n

Authorities have dropped a proposal to elect \u201cdelegates\u201d to Macau\u2019s gaming concessions<\/strong>. Taxes haven\u2019t changed. Macau has an effective tax rate of 39 per cent<\/strong> on its concessionaires.<\/p>\n","protected":false},"excerpt":{"rendered":"

All six Macau casino operators have shown support for amendments to the gaming regulatory framework announced by the government last Friday.<\/p>\n","protected":false},"author":176,"featured_media":12754,"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 six incumbent gaming concessionaires have publicly endorsed the government's proposed amendments to the gaming regulatory framework. Key changes include a maximum of six 10-year concessions with a potential 3-year extension, the abolition of the sub-concession system, and a new cap of 30% on publicly listed shares for operators, providing a clear roadmap for the upcoming retendering process.","focusai_entities":"MGM China, Sands China, Wynn Macau, SJM Resorts, Melco Resorts & Entertainment, Galaxy Entertainment Group","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (1.0), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Shareholding Cap Impact","query":"What are the specific implications of the 30% public shareholding cap for the current ownership structures and potential capital raising strategies of the Macau concessionaires?"},{"label":"Concession Retendering Timeline","query":"What is the anticipated timeline for the formal retendering process, and what are the key criteria beyond financial commitments that the Macau government will prioritize in awarding the new 10-year concessions?"}],"footnotes":""},"categories":[16338,156,158],"tags":[23911,23906],"class_list":["post-26294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-regulation-news","category-slider-home","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26294","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=26294"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26294\/revisions"}],"predecessor-version":[{"id":26321,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26294\/revisions\/26321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12754"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}