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Asia Casino News │ ACN东方博彩新闻

Asia Casino News outlet for Online Gaming and Gambling Industry in Asia.

Macau looking to introduce draft gaming bill on Monday

January 20, 2022 Crime & Legal

The government of Macau has reportedly announced that it intends to use a full Monday session of the enclave’s Legislative Assembly in order to formally introduce its draft gaming bill.

According to a report from GGRAsia, the legislation tabled last Tuesday is to have its official first reading on January 24 before being sent to a sub-committee for discussions on potential alterations or additions. The source detailed that this process will subsequently be followed by second and final reading before the 33-member body in advance of debate and a concluding vote.

Interim inclination:

Andre Cheong Weng Chon serves as the Administration and Justice Secretary for Macau and he reportedly disclosed that this whole process may not be completed ahead of the expiration on June 26 of the current licenses held by the city’s six-strong club of casino concessionaires. However, he purportedly also explained that the government of Chief Executive Ho Iat-Seng would be prepared to consider short extensions should legislators fail to ratify the legislation ahead of this deadline.

Current collection:

Macau has reportedly been endeavoring to update its existing rules on gaming for a number of years although the current draft gaming bill proposes keeping an existing cap of six with regards to the number of firms who are to be allowed to operate local casinos. This club purportedly presently embraces SJM Holdings Limited, Galaxy Entertainment Group Limited, Melco Resorts and Entertainment Limited, MGM China Holdings Limited and the local Sands China Limited and Wynn Macau Limited subordinates of Las Vegas Sands Corporation and Wynn Resorts Limited respectively.

https://news.worldcasinodirectory.com/macau-looking-to-introduce-draft-gaming-bill-on-monday-99236

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