• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 8 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
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
No Result
View All Result
IAG
No Result
View All Result

Macau’s Legislative Assembly to today conduct first reading of draft gaming law bill

Newsdesk by Newsdesk
Mon 24 Jan 2022 at 07:10
Macau’s Legislative Assembly to today conduct first reading of draft gaming law bill
34
SHARES
841
VIEWS
Print Friendly, PDF & Email

The Macau Legislative Assembly (AL) will today conduct its first reading of a draft bill on amendments to Macau’s gaming law.

The draft bill, titled, “Amendment to Law No. 16/2001 – Legal framework for the exploitation of games of chance in casinos”, was published last week ahead of a planned re-tendering of casino concessions. The current 20-year licenses of Macau’s six concessionaires all expire at midnight at the end of 26 June 2022.

Once the AL completes its first reading and vote on the contents of the bill, it will be sent to a sub-committee for possible revision before returning to the AL for a second and final reading.

There is no timeline for completion of this process although estimates from analysts and industry commentators have ranged from as short as two months to as long as 12.

However, Inside Asian Gaming is anticipating an extremely aggressive approach to the passage of the bill through the AL, resulting in the bill becoming law possibly even as early as the end of February. Any drawn-out process would make it difficult for the government to complete re-tendering by 26 June and open the door for an extension of current licenses. The government has already stated that any such extension would be for a “short term”, which IAG interprets as perhaps meaning six months.

Among the amendments to Macau’s gaming law contained in the draft bill are a halved license term of 10 years, the implementation of an official cap on gaming tables and gaming machines, minimum revenue levels guarantees with any shortfalls to be made up by concessionaires, a planned phasing out of satellite casinos, an increase in the minimum capital each concessionaire must hold from MOP$200 million (US$25 million) to MOP$5 billion (US$625 million), and new rules around junkets. These junket rules include a ban on the existence of junket rooms in Macau’s casinos and on revenue share arrangements between junkets and casino concessionaires.

The bill also outlines expectations around Corporate Social Responsibility contributions and responsible gaming initiatives.

RelatedPosts

10 Years Ago: The Star war

NSW casinos given two-year reprieve on plan to lower daily cash limit to AU$1,000

Wed 6 Aug 2025 at 05:21
Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Casino revenue at Grand Korea Leisure up 12% month-on-month to US$28 million in July

Wed 6 Aug 2025 at 05:03
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
First auction of Imperial Pacific gaming equipment postponed

IPI’s abandoned Saipan hotel and casino building shows signs of wear and tear but no immediate danger ahead of planned sale

Tue 5 Aug 2025 at 05:34
Load More
Tags: casinoconcessionairesdraft billGaming LawLegislative Assemblylicense re-tenderingMacau
Share14Share2
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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

10 Years Ago: Rearing for a comeback

Resorts World Sentosa upgrade disruption sees 2Q25 gaming revenues fall 8% sequentially to US$313 million

by Ben Blaschke
Thu 7 Aug 2025 at 19:07

Genting Singapore reported a 3% year-on-year increase but a 6% sequential decline in group-wide revenue to SG$588.3 million (US$458 million) in 2Q25, with performance subdued due to ongoing renovation and expansion works at Resorts World Sentosa. While the company pointed...

The future of business is being written in Asia – will you be ready to lead it?

The future of business is being written in Asia – will you be ready to lead it?

by Newsdesk
Thu 7 Aug 2025 at 16:19

Asia is entering a new era of economic leadership, now accounting for 31% of global GDP and hosting 55% of the world’s listed companies, with a remarkable market capitalization of US$34 trillion. Notably, Southeast Asia is projected to grow at...

Rising tide

Byron Yip to depart as Okada Manila President and COO, replaced by Universal’s Nobuki Sato

by Ben Blaschke
Thu 7 Aug 2025 at 13:25

Byron Yip will step down as President and COO of Okada Manila operator Tiger Resort, Leisure and Entertainment, Inc (TRLEI) after seven years in the job, to be replaced by parent company Universal Entertainment Corp’s Nobuki Sato, the company has...

Bloomberry boss Razon reveals major concerns over Japan’s lack of IR clarity

Enrique Razon Jr named second richest person in Philippines as gaming names dominate Forbes 2025 list

by Newsdesk
Thu 7 Aug 2025 at 12:25

Bloomberry Resorts Corp founder Enrique Razon Jr has retained his position as the second richest person in the Philippines in 2025, according to Forbes, with his fortune climbing further over the past year to an estimated US$11.5 billion. Razon, whose...

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

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
  • 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