• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 7 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Proposed appointment of government representative to Macau’s concessionaires could be a win for all: MdME

Ben Blaschke by Ben Blaschke
Mon 11 Oct 2021 at 06:48
Macau to undergo third round of mass testing as new COVID case keeps Zhuhai border closed
53
SHARES
1.3k
VIEWS
Print Friendly, PDF & Email

A proposed amendment to Macau’s gaming law that suggests appointing a designated government representative to each concessionaire could be welcomed by both parties, with the representative unlikely to be granted undue powers, according to Macau law firm MdME Lawyers.

In the second of a series of papers examining some of the proposed amendments, which were made public by the Macao SAR Government last month, MdME’s Rui Pinto Proença and Rui Filipe Oliveira note that the implementation of a designated government representative is already part of Macau’s concession landscape with most public utilities including a representative who oversees the contract performance and activities of the company related to the concession.

It is also nothing new to the gaming industry: SJM Holdings parent company STDM had a designated government representative when it was Macau’s monopoly casino operator pre-2002 while sports betting concession Macau SLOT Co Ltd and horse racing concession Macau Jockey Club remain subject to such a provision to this day.

According to MdME, the fundamental purpose and key duties of a government representative are to supervise the concessionaires’ compliance with its legal and contractual obligations and to protect public interest within the activities pursued by the concessionaire.

This could include having the authority to participate in board and shareholders’ meetings, to inspect the company’s financials, to request documents and information deemed necessary to exercise it duties and to participate in the negotiation of relevant concession contracts and amendments.

In doing so, the representative must inform their relevant supervising body of any circumstances that may affect the public interest within their purview and propose measures to address them. They must also regularly report on matters addressed in the board and shareholders’ meetings, however MdME says the representative has neither executive nor voting powers within the company they are designated to and should therefore not be mistaken for a director.

More importantly, “Should the proposed amendments be kept within the boundaries of existing legislation, the introduction of a government representative may be welcomed.

“For the government, it may provide a valuable insider’s perspective on the operations of concessionaires. For the operators, it may serve as a useful liaison officer, capable of streamlining communications with different government agencies and reducing bureaucracy.

“Any suggestion that this role could be broadened by giving it a say over the operations of the company – for instance, exercising voting/vetoing rights in management decisions – would be implausible and contradictory to the framework provided by existing legislation.

“Such extension of power would overlap with the role typically attributed to a director. This scenario would have overarching implications, not the least of which concerns the liability for decisions taken, or not taken, due to the vote/veto of the government’s representative.”

According to MdME, the government’s consultation document does not provide any indication that a departure from the observant nature of a designated representative is being considered, which in itself should ease some concerns currently held by investors.

The government’s proposed amendments to the gaming law are currently out for 45 days of public consultation, coming to an end on 29 October.

MdME’s full paper can be found here.

RelatedPosts

MGTO to launch 10-day market in Macau’s NAPE to help area transform ahead of pending satellite casino closures

MGTO to launch 10-day market in Macau’s NAPE to help area transform ahead of pending satellite casino closures

Tue 5 Aug 2025 at 14:59
Experts claim 90% of Macau money exchange gangs eradicated since passing of illegal gaming law

Morgan Stanley says Macau now a growth market, raising 2025 GGR and EBITDA forecasts after two consecutive monthly beats

Mon 4 Aug 2025 at 11:48
Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

Fri 1 Aug 2025 at 12:49
Melco’s long-stalled Countdown Hotel at City of Dreams to be converted into 150-key all-suite hotel

Melco’s long-stalled Countdown Hotel at City of Dreams to be converted into 150-key all-suite hotel

Fri 1 Aug 2025 at 06:45
Load More
Tags: concessionairesGaming Lawgaming licensegovernment representativeMacauMdME Lawyersre-tendering
Share21Share4
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Light & Wonder to pursue sole ASX listing, complete delisting from NASDAQ by end of November

Light & Wonder to pursue sole ASX listing, complete delisting from NASDAQ by end of November

by Ben Blaschke
Thu 7 Aug 2025 at 05:57

The Board of Directors of global gaming supplier Light & Wonder has approved a sole primary listing on the Australian Securities Exchange (ASX), with the company to delist from the US NASDAQ by the end of November. The decision to...

Payment technologies help Crane Co profits surge 377% in 2Q21

Crane NXT profit down as payments arm CPI reveals lower sales volumes in 2Q25

by Newsdesk
Thu 7 Aug 2025 at 05:45

Global currency and payments technology company Crane NXT reported a 9.1% year-on-year increase in net sales to US$404.4 million in 2Q25, although operating profit fell by 29.1% to US$47.9 million in part due to a challenging quarter for payments arm...

Light & Wonder reports lower revenue of US$809 million in 2Q25 on Asian market caution, lower costs boost profit

Light & Wonder reports lower revenue of US$809 million in 2Q25 on Asian market caution, lower costs boost profit

by Ben Blaschke
Thu 7 Aug 2025 at 05:17

Light & Wonder reported a slight 1% decrease in revenue to US$809 million in the three months to 30 June 2025, citing lower game sales due to the impact of macroeconomic uncertainty which led to more cautious purchasing behavior and...

The 2022 Asian Gaming Power 50

South Korea to trial visa-free entry for Chinese group tourists from 29 September

by Pierce Chan
Wed 6 Aug 2025 at 19:03

The South Korean government plans to trial a visa-free entry policy for Chinese group tourists from 29 September 2025 to 30 June 2026. According to a report by Yonhap News Agency, South Korean Prime Minister Kim Min-seok mentioned the plan...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語