Macau Legend Co-Chairman against reduction of allowed gaming concessionaires

Macau Legend Co-Chairman, David Chow, has expressed opposition to the reduction in the number of concessionaires in the SAR, at a time when changes to the gambling law and new licenses to operate casinos are being discussed.

In a note sent today (Monday) to Lusa, Chow, founder and co-chairman of Macau Legend – who previously showed interest in securing a gaming concession in the territory – underlined that “in accordance with Article 5 of the Basic Law’, the former capitalist system and way of life will remain unchanged for 50 years’ in the Macau SAR”.

For this reason, one of the heads of the company that operates several casinos in Macau under SJM’s gaming license maintains that the core value of the capitalist system is the market-based economy, based on the free market and competition.

The co-chairman of Macau Legend – which has investments in agriculture, banking, casino and hotels and is currently developing a tourism project in Cape Verde – thus assumes that “the number of gaming dealers should not be eliminated because the smaller number of dealers can result in oligopoly or monopoly”.

Source: https://www.macaubusiness.com/macau-legend-co-chairman-against-reduction-of-allowed-gaming-concessionaires/?__cf_chl_jschl_tk__=pmd_4w9UE5HxhM0EDZ.gnmXS6BBjH5gE0IV.8s0iRUhaWFQ-1635156515-0-gqNtZGzNAqWjcnBszQnl