{"id":26413,"date":"2022-01-20T07:09:34","date_gmt":"2022-01-20T10:09:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26413"},"modified":"2026-04-23T12:06:14","modified_gmt":"2026-04-23T15:06:14","slug":"macau-gaming-law-is-credit-positive-for-gaming-companies-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-law-is-credit-positive-for-gaming-companies-analysts-say","title":{"rendered":"Macau gaming law is credit positive for gaming companies, analysts say"},"content":{"rendered":"\n

Analysts at Moody\u2019s Investors Service Inc believe the bill will remove uncertainties for Macau casino operators and the future of the gaming industry.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau’s gaming law amendment bill is “credit positive” for Macau gaming-related companies<\/strong>, according to a report from Moody’s Investors Service. That’s because the bill “removes significant regulatory uncertainty regarding the ‘extension’ of current existing licences, which expire on June 26 this year.<\/p>\n\n\n\n

According to analysts, the bill puts an end to fears of substantially tighter regulations<\/strong> being imposed on the city\u2019s six gaming concessionaires.<\/p>\n\n\n\n

Under the new amendment bill<\/a>, the concession period will be for a maximum of 10 years<\/strong> but can be extended for a further three years in exceptional circumstances. There would remain up to six concessions but the current sub-concession system<\/a> would end.<\/p>\n\n\n\n

Moody’s noted that a proposal made in a public consultation paper in September for casino concessionaires to require government endorsement before distributing profits, regardless of whether it be in cash or shares, did not appear in the draft bill.<\/p>\n\n\n\n

Analysts stated: “Tighter restrictions on dividends would have reduced the financial flexibility of companies that rely on subsidiary dividends to service debt and interest payments.”<\/p>\n\n\n\n

Macau\u2019s Legislative Council will conduct its first reading of the gaming law amendment bill on January 24. All six Macau casino operators have shown support for amendments<\/a> to the gaming regulatory framework.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Moody\u2019s Investors Service Inc believe the bill will remove uncertainties for Macau casino operators and the future of the gaming industry.<\/p>\n","protected":false},"author":176,"featured_media":26450,"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 law amendment bill is deemed \"credit positive\" by Moody's Investors Service, as it removes significant regulatory uncertainty regarding the extension of existing licenses for the city's six gaming concessionaires. The bill proposes a maximum 10-year concession period, extendable by three years, and notably omits a prior proposal for government endorsement on profit distribution. This omission preserves operators' financial flexibility, with the Legislative Council set to conduct its first reading on January 24.","focusai_entities":"Moody\u2019s Investors Service Inc, Moody\u2019s Investors Service, Macau\u2019s Legislative Council","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend Policy Impact","query":"What are the specific implications of the omission of government endorsement on profit distribution for the capital structure and debt servicing capabilities of Macau's gaming concessionaires?"},{"label":"Concession Renewal Process","query":"Beyond the 10+3 year term, what are the detailed criteria and procedural requirements for the upcoming concession renewal process, and how might these influence competitive dynamics among the six operators?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-26413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26413","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=26413"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26413\/revisions"}],"predecessor-version":[{"id":26422,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26413\/revisions\/26422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26450"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}