PARLIAMENTARY COMMITTEE TO CONCLUDE GAMING LAW DISCUSSION TOMORROW

The parliamentary committee responsible for the review of the gaming law will sign its opinions tomorrow, signaling the conclusion of the discussion process.

Yesterday, after the committee meeting to discuss the latest draft of the law review, President Chan Chak Mo of the committee told a press conference that the draft will be handed to the parliament’s plenary for a second reading next week at the earliest.

In the previous draft submitted to the parliament, the government proposed that no licensee company would be allowed to be listed on the stock market, unless otherwise approved by the Chief Executive.

In this latest draft, the government made a U-turn so that no licensee would be allowed public listing under any circumstances.

The committee was told by government officials that the proposal aimed at avoiding direct or indirect sub-concessions. The ban on public listing will also make it easier for the government to take control of the situation.

Currently, all six casino operators have their acknowledged parent company’s stocks publicly listed.

Source: https://macaudailytimes.com.mo/parliamentary-committee-to-conclude-gaming-law-discussion-tomorrow.html