a bill proposing a new gaming regulatory system<\/a> on Friday. The bill was welcomed by the industry and investors.<\/p>\n\n\n\nShares of all six casino operators rose, led by Sands China Ltd., which rose 14.6 per cent to close at HK$21.00 (US$2.70).<\/p>\n\n\n\n
Wynn Macau rose 11.91 per cent<\/strong>; MGM China Holdings 11.70 per cent; Galaxy Entertainment Group 7.02 per cent and SJM Holdings 4.83 per cent. Melco International Developments <\/strong>closed up 5.08 per cent on Monday.<\/p>\n\n\n\nSeveral brokers involved in Macau’s casino industry said the new bill was a positive development<\/strong> as it gave investors “some relief from the uncertainty surrounding Macau’s future.” There would be up to six concessions under the government-backed bill, ending the current sub-concession system but maintaining the existing number of concessions.<\/p>\n\n\n\nIt was also revealed that the concession period will be for a maximum of 10 years<\/strong> but can be extended for a further three years in exceptional circumstances.<\/p>\n\n\n\nThe newly announced bill will be submitted to the City Legislative Council<\/strong>, whose members will vote on it. How long the process takes is up to the city\u2019s lawmakers, who can also propose changes to the bill.<\/p>\n","protected":false},"excerpt":{"rendered":"Macau casino stock prices rose after authorities announced details of the gaming law amendment bill.<\/p>\n","protected":false},"author":176,"featured_media":22942,"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 casino operator stock prices surged following the announcement of a new gaming law amendment bill, which proposes maintaining six concessions, ending the sub-concession system, and setting a maximum 10-year concession period. This legislative clarity has provided significant relief to investors, mitigating prior market uncertainty regarding Macau's gaming future. The bill now proceeds to the City Legislative Council for deliberation and voting.","focusai_entities":"Sands China Ltd., Wynn Macau, MGM China Holdings, Galaxy Entertainment Group, SJM Holdings, Melco International Developments, City Legislative Council","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.98), investor_analyst (0.99), supplier_vendor (0.75), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Concession Renewal Impact?","query":"What are the specific financial and operational implications for existing concessionaires under the proposed 10-year maximum term, particularly concerning capital expenditure commitments and return on investment timelines?"},{"label":"Legislative Process Timeline?","query":"What is the anticipated timeline for the City Legislative Council's review and vote on the gaming law amendment bill, and what mechanisms exist for further stakeholder consultation or proposed changes during this period?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-26296","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\/26296","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=26296"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26296\/revisions"}],"predecessor-version":[{"id":26322,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26296\/revisions\/26322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22942"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}