{"id":28293,"date":"2022-03-22T09:18:06","date_gmt":"2022-03-22T12:18:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28293"},"modified":"2026-04-23T10:19:07","modified_gmt":"2026-04-23T13:19:07","slug":"macau-satellite-casinos-three-year-grace-period-could-be-extended","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-satellite-casinos-three-year-grace-period-could-be-extended","title":{"rendered":"Macau Satellite casinos: three-year grace period could be extended"},"content":{"rendered":"\n

The Legislative Assembly committee analysing the final draft of Macau\u2019s gaming law amendment bill has hinted that satellite casinos could receive more than three years to resolve ownership issues.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau authorities are considering extending the three-year grace period <\/strong>proposed to allow satellite casinos to resolve ownership issues. Macau’s proposed new regulatory regime<\/a>\u00a0will require any casinos operating in the city to be established on assets owned by gaming operators<\/strong>.<\/p>\n\n\n\n

Legislator Chan Chak Mo has previously said the start of the period for transition would coincide with the start date of the city\u2019s new gaming concessions, which will be awarded following a new public tender<\/strong>, expected in the last quarter of the year. <\/p>\n\n\n\n

The issue is one of the most controversial proposals in the gaming law amendment bill, with several lawmakers and industry stakeholders warning it could mean job losses in the gaming industry.<\/p>\n\n\n\n

Chan Chak Mo said: \u201cWe don\u2019t want anyone to become unemployed because of this. That\u2019s why the three year grace period was provided to reduce this impact.\u00a0Maybe some people think three years is not sufficient. Legislators asked if the period could be increased to five years<\/strong>. The government did not say if it would do so, just consider.\u201d<\/p>\n\n\n\n

There are currently\u00a018 satellite casinos in Macau\u00a0<\/strong>operating under licences attached to one of the six casino concessionaires but run by third parties in individually owned premises. <\/p>\n\n\n\n

Authorities have confirmed the extension of the current gaming concessions and sub-concessions<\/a> for six months. New 10-year franchises<\/strong> following the tender are expected to begin at the start of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Legislative Assembly committee analysing the final draft of Macau\u2019s gaming law amendment bill has hinted that satellite casinos could receive more than three years to resolve ownership issues.<\/p>\n","protected":false},"author":176,"featured_media":19857,"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 Legislative Assembly committee is deliberating an extension to the proposed three-year grace period for satellite casinos to align with new asset ownership mandates, potentially extending it to five years. This adjustment aims to mitigate workforce displacement as the amended gaming law requires casinos to operate on assets owned by concessionaires, impacting 18 existing satellite casinos. The transition is slated to coincide with the new 10-year gaming concessions, commencing in early 2023.","focusai_entities":"Chan Chak Mo, Legislative Assembly committee, Macau authorities","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.98), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Satellite Operators","query":"What specific governance frameworks and operational restructuring models are satellite casino operators evaluating to achieve compliance with the new asset ownership mandates within the extended grace period?"},{"label":"Concessionaire M&A Strategy","query":"How might the potential extension of the grace period influence the M&A strategies, capital allocation decisions, and long-term balance sheet implications for Macau's existing gaming concessionaires regarding satellite casino assets?"}],"footnotes":""},"categories":[16338,156,158],"tags":[23911,23906],"class_list":["post-28293","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\/28293","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=28293"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28293\/revisions"}],"predecessor-version":[{"id":28303,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28293\/revisions\/28303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19857"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}