{"id":26459,"date":"2022-01-21T07:15:15","date_gmt":"2022-01-21T10:15:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26459"},"modified":"2026-04-23T12:03:47","modified_gmt":"2026-04-23T15:03:47","slug":"macau-legend-hopes-for-gaming-licence-of-its-own","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legend-hopes-for-gaming-licence-of-its-own","title":{"rendered":"Macau Legend hopes for gaming licence of its own"},"content":{"rendered":"\n

The operator will seek to become a concessionaire in its own right during Macau’s next tender after the city amends its gaming laws.<\/p>\n\n\n\n\n\n\n\n

Macau.- Melinda Chan, executive director at Hong Kong-listed Macau Legend, has said the company will aim to become\u00a0a Macau gaming concessionaire in its own right<\/strong> following the review of the city’s gaming legislation.<\/p>\n\n\n\n

Chan told local media reports that a proposed amendment to Macau’s gaming law would incorporate the need for casino concessionaires to maintain national security and hence she expects authorities will support “patriotic” companies as part of an overall overhaul of Macau’s gaming industry.<\/p>\n\n\n\n

The company currently\u00a0operates three casinos through services agreements under SJM Holdings\u2019 gaming licence<\/strong>. It also controls Macau Fisherman’s Wharf.<\/p>\n\n\n\n

Under Macau’s proposed gaming law amendment bill,\u00a0the city’s satellite casinos would have a three-year grace period<\/strong>\u00a0to tie the ownership of the venue to any of the six gaming concessionaires allowed in the Macau market. Currently,\u00a0there are 18 satellite casinos in the city<\/strong>: 14 use rights from SJM Holdings, three from Galaxy Entertainment Group Co and one from Melco Crown Entertainment.<\/p>\n\n\n\n

Macau\u2019s Legislative Council<\/a>\u00a0will conduct its first reading of the gaming law amendment bill on January 24.\u00a0The bill will be sent to a subcommittee after a vote. The committee may propose changes before a second and final reading and voting at another plenary meeting of the General Assembly.<\/p>\n\n\n\n

As\u00a0the entire process may not be completed<\/strong>\u00a0before the six existing casino concessions expire on June 26, authorities will consider extending existing licensees to the extent permitted by current gaming laws. Under the\u00a0amendment bill<\/a>,\u00a0the new concession period will be for a maximum of 10 years<\/strong>\u00a0but can be extended for a further three years in exceptional circumstances.<\/p>\n","protected":false},"excerpt":{"rendered":"

The operator will seek to become a concessionaire in its own right during Macau’s next tender after the city amends its gaming laws.<\/p>\n","protected":false},"author":176,"featured_media":26503,"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 Legend aims to secure its own gaming concession following proposed amendments to Macau's gaming law, which will incorporate national security requirements and support \"patriotic\" companies. The legislative changes will also mandate satellite casinos to tie ownership to one of the six main concessionaires within a three-year grace period, significantly altering the operational landscape for current sub-concessionaires and satellite casino operators.","focusai_entities":"Macau Legend, Melinda Chan, SJM Holdings, Galaxy Entertainment Group Co, Melco Crown Entertainment, Legislative Council, General Assembly","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Patriotic Company Criteria?","query":"What specific criteria will define a 'patriotic' company in Macau's new gaming concession tender process, and how will this impact the competitive landscape?"},{"label":"Satellite Casino Impact?","query":"How will the proposed three-year grace period for satellite casinos to tie ownership to concessionaires impact their current operational agreements, asset valuations, and potential M&A activity?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906,22593],"class_list":["post-26459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos","tag-macau-legend"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26459","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=26459"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26459\/revisions"}],"predecessor-version":[{"id":26464,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26459\/revisions\/26464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26503"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}