A second standing committee has completed its reading of the gambling law with no major changes. The bill is scheduled to be sent to a plenary vote next month.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Legislative Council’s second standing committee has completed its reading of Macau’s proposed new general gambling law. <\/strong>The bill is expected to be signed and sent to the plenary for a vote on June 10.<\/p>\n\n\n\n Macau\u2019s Legislative Council<\/strong>\u00a0approved the\u00a0first reading of the gaming law<\/a>\u00a0amendment bill in January with just one vote against it. No major changes have been announced since then aside from changes to allow shareholders of the management company responsible for satellite casinos to take on different roles.<\/p>\n\n\n\n Under the final draft law,\u00a0management company shareholders can receive rental income<\/strong>\u00a0and management company affiliate fees and commissions if they also hold an intermediary licence. The law will also allow satellite casinos to continue operating<\/strong>\u00a0even if the property where they are located is not wholly-owned by the gaming licensee.<\/p>\n\n\n\n This change was made as a result of the multiple doubts that this point generated, especially regarding the possibility of losing jobs and an increase in the city’s unemployment rate as\u00a0some satellite casino owners could withdraw from the market<\/a>.<\/p>\n\n\n\n Even so, under the new regulations, these managing entities will only be able to charge management fees and will not be able to share a percentage or commission of the gaming income. Legislator Ella Lei Cheng I<\/strong>\u00a0recently called on the government to\u00a0ensure employees keep their jobs<\/a>\u00a0in the transition to new legislation.<\/p>\n\n\n\n