{"id":777009262,"date":"2023-09-14T06:44:26","date_gmt":"2023-09-14T09:44:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009262"},"modified":"2026-04-22T18:04:48","modified_gmt":"2026-04-22T21:04:48","slug":"mjc-must-comply-with-law-finance-secretary-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mjc-must-comply-with-law-finance-secretary-says","title":{"rendered":"MJC must comply with law, finance secretary says"},"content":{"rendered":"\n<p>Economy secretary Lei Wai Nong says operators must meet legal obligations amid uncertainties surrounding the Macau Jockey Club&#8217;s future.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Macau&#8217;s secretary for economy and finance,\u00a0<strong>Lei Wai Nong<\/strong>, has reiterated the importance of  compliance with legal obligations amid ongoing discussions about the future of\u00a0<strong>the Macau Jockey Club (MJC)<\/strong>.\u00a0<\/p>\n\n\n\n<p>The MJC has faced scrutiny for its alleged failure to provide updates on the progress of its MOP1.5bn (US$185.65m) redevelopment plan, which formed the basis for its new concession granted in 2018, running until 2042.\u00a0The plan included investments in upgrading facilities, creating non-gaming amenities such as commercial areas, restaurants, hotels an equestrian school, and more. Some of these projects have deadlines extending until 2026.<\/p>\n\n\n\n<p>Despite speculation about its future, Macau authorities have <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-jockey-club-gets-approval-for-2023-24-racing-season\" target=\"_blank\">approved the 2023\/2024 race season schedule<\/a>. Secretary Lei refrained from commenting on market rumours and emphasised that the<strong> Gaming Inspection and Coordination Bureau (DICJ) <\/strong>would conduct its regulatory work in accordance with legal provisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economy secretary Lei Wai Nong says operators must meet legal obligations amid uncertainties surrounding the Macau Jockey Club&#8217;s future.<\/p>\n","protected":false},"author":176,"featured_media":3307,"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 Secretary for Economy and Finance, Lei Wai Nong, has underscored the necessity for the Macau Jockey Club (MJC) to adhere to its legal obligations amidst uncertainties regarding its concession and a MOP1.5bn redevelopment plan. The Gaming Inspection and Coordination Bureau (DICJ) will ensure regulatory compliance, despite the approval of the 2023\/2024 race season.","focusai_entities":"Lei Wai Nong, Macau Jockey Club (MJC), Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MJC Concession Enforcement?","query":"What specific enforcement actions or penalties could the DICJ impose on the Macau Jockey Club for alleged non-compliance with its MOP1.5bn redevelopment plan?"},{"label":"Non-Gaming Investment Precedent?","query":"How might the regulatory scrutiny of MJC's non-gaming investment commitments influence the evaluation of other Macau concessionaires' diversification efforts?"}],"footnotes":""},"categories":[157,16338],"tags":[24374],"class_list":["post-777009262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-the-macau-jockey-club"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009262","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=777009262"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009262\/revisions"}],"predecessor-version":[{"id":777009292,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009262\/revisions\/777009292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3307"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}