A gaming scholar from Macau has questioned the current licence system in the city due to its inefficiency in responding to rapid market changes.<\/p>\n\n\n\n\n\n\n\n
Macau.- Gaming scholar Wang Changbin, director of the Centre for Gaming and Tourism Studies at Macao Polytechnic Institute, has questioned the city’s use of a public concession approach of 20 year-long licences. He considers it inefficient for the managment of the Macau casino industry.<\/p>\n\n\n\n
With the current six concessions due to expire in June 2022, he suggested the use of fresh licences with only 10 years’ duration, and a \u201creview and licence renewal\u201d every five years. <\/p>\n\n\n\n
According to Changbin, a shorter concession period would enable authorities to have the \u201cflexibility\u201d to respond to any rapid market changes.<\/p>\n\n\n\n
The comments were published in an article in the current issue of the University of Nevada Las Vegas Gaming Law Journal.<\/p>\n\n\n\n
Changbin wrote that the purpose of a 20-year concession period was \u201cto make sure the concessionaires make a profit from the concession.\u201d But his concerns over the long concession periods, especially considering the current pandemic crisis, stem from the \u201cdifficulty for the government to replace a possibly unsatisfied concessionaire or introduce more operators into the market in a timely way.\u201d<\/p>\n\n\n\n
He said: “With the current limitation of the concession system, the Macau government cannot respond to the changes quickly. A 10-year concession should generally be long enough for an operator to develop a large-scale project while a review and renewal every five years extends the government flexibility to make some changes if necessary.”<\/p>\n\n\n\n
Macau authorities have mentioned a\u00a0public retender under the concession system as the route for fresh rights after 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
A gaming scholar from Macau has questioned the current licence system in the city due to its inefficiency in responding to rapid market changes.<\/p>\n","protected":false},"author":2,"featured_media":9156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A Macau gaming scholar has critically assessed the city's existing 20-year public concession system, citing its inherent inflexibility in adapting to rapid market shifts and the challenges associated with timely concessionaire replacement or market expansion. He advocates for a revised licensing framework comprising 10-year concessions with mandatory five-year review and renewal provisions, aiming to enhance regulatory agility and market responsiveness, particularly amidst prevailing economic volatilities.","focusai_entities":"Wang Changbin, Centre for Gaming and Tourism Studies at Macao Polytechnic Institute, University of Nevada Las Vegas Gaming Law Journal","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.75), operator_casino (1.0), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Financial Impact","query":"What specific financial and operational implications would a shift to 10-year concessions with 5-year reviews have on the capital expenditure planning, long-term debt structures, and projected GGR\/NGR for current Macau concessionaires?"},{"label":"Regulatory Governance Evolution","query":"How might a more flexible concession system, as proposed, influence the Macau government's ability to introduce new gaming verticals, enforce stricter responsible gambling and AML governance frameworks, or facilitate M&A activity within the market?"}],"footnotes":""},"categories":[160,16338,156,158],"tags":[12436,257,337],"class_list":["post-9149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-regulation-news","category-slider-home","tag-casinos","tag-macau","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9149","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=9149"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9149\/revisions"}],"predecessor-version":[{"id":9162,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9149\/revisions\/9162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9156"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}