Macau Legislators Prepare to Make First Official Review of New Gambling Laws
Macau authorities feel they have everything they need to put the city’s new gambling laws in place. The first test will come when the General Assembly reviews the recently published draft next week.
There have been doubts that the city would be able to issue gaming concessions on time this June. But now that Macau’s casino operators know what to expect with the new gambling laws, it’s time to move to the next step.
The General Assembly will review the framework on Jan. 24. Provided there is no significant resistance, the laws could be approved well in advance of the deadline.
Changes in the Laws Not Anticipated
Pushback to the new laws isn’t likely. But changes could be suggested during the first reading. The laws and any recommendations will then make their way to an Assembly subcommittee for approval. After that, another reading and a vote by the General Assembly will take place.
The goal is to have the laws finalized and approved before June 26, the day Macau’s six casino operators’ concessions expire. However, if any unexpected issues arise between next Monday and that date, the city is ready to issue extensions of the existing concessions.
The arrival of the draft laws provided a collective sigh of relief to Macau’s operators. Some of the previous recommendations, such as extreme daily vigilance of their operations, are no longer included.
All six of the operators should be safe once the concessions arrive. However, the reduction in the duration of the concessions from 20 years to 10 wasn’t a highlight.
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