Macau government announced it would be launching a public consultation to review gaming law<\/strong><\/em><\/a>, some legislators expressed concerns over feasibility of completing a review by “year end”.<\/p>\n\n\n\nDuring the Legislative Assembly session, legislators Au Kam San and Davis Fong Ka Chio questioned whether there was enough time to undertake such a legal review before mid-2022. <\/p>\n\n\n\n
According to city\u2019s government, such a review is a crucial ahead of a public re-tender process for Macau gaming rights, linked to the expiry, in June 2022, of Macau\u2019s\u00a0existing six gaming licences.<\/p>\n\n\n\n
Monday\u2019s Legislative Assembly session was a follow-up to the Macau government\u2019s policy address for 2020, outlined last week by Chief Executive Ho Iat Seng.<\/p>\n\n\n\n
Secretary Lei said that the government could not yet provide a timeframe for the revision of the existing gaming law and for a re-tender process.<\/p>\n\n\n\n
\u201cWe have never stopped working on it, and we are striving to conduct the public consultation by this year-end,\u201d Mr Lei said at the assembly.<\/p>\n\n\n\n
Mr Lei noted Macau was now at\u00a0a \u201cdifferent level\u201d of public policy development on gaming, on related regulatory matters and in terms of market sophistication \u201ccompared to 2003\u2033. <\/p>\n\n\n\n
Macau now requires certain commitments from operators on non-gaming elements, on corporate social responsibility and in terms of them helping local small and medium-sized enterprises, Mr Lei noted. <\/p>\n\n\n\n
The official also hinted that the government would like to broaden the concept of non-gaming elements beyond dining and shopping.<\/p>\n","protected":false},"excerpt":{"rendered":"
Legislators question the feasibility of undertaking a full review of gaming law by the end of the year.<\/p>\n","protected":false},"author":2,"featured_media":1967,"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 legislators have raised concerns regarding the feasibility of completing a comprehensive review of the territory's gaming law by year-end, a critical step preceding the re-tender process for existing gaming licenses set to expire in June 2022. The government acknowledges the complexity, emphasizing the need for public consultation and evolving policy considerations including non-gaming commitments and corporate social responsibility from operators.","focusai_entities":"Au Kam San, Davis Fong Ka Chio, Ho Iat Seng, Lei, Macau government, Legislative Assembly","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau License Renewal Impact","query":"What specific changes to the gaming law are being considered that could materially alter the economic terms or operational requirements for existing Macau concessionaires seeking license renewal?"},{"label":"Non-Gaming Element Expansion","query":"How might the government's intention to broaden the concept of non-gaming elements beyond dining and shopping impact the capital expenditure and strategic diversification plans of integrated resort operators?"}],"footnotes":""},"categories":[160,161,16338,154,158],"tags":[512,225,257],"class_list":["post-6010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-legislation-news","category-slider-home","tag-gaming","tag-legislation","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6010","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6010"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6010\/revisions"}],"predecessor-version":[{"id":6024,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6010\/revisions\/6024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/1967"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}