Daily Asia Gaming eBrief: What's in Macau's new Law on Illegal Gambling Activities?

Tuesday 29th of October 2024

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Good morning. Macau is further strengthening its oversight of gaming, and increasing penalties for offenses, as the new Law on Illegal Gambling Activities came into effect today. Check out what's changed and what questions still remain. In UAE news, Wynn Al Marjan Island is on course to open in the first quarter of 2027, as the race to the emirates heats up. And in the Philippines, human trafficking charges have been filed against former Presidential Spokesperson Harry Roque Jr. due to alleged links to a POGO operation.

What you need to know

Macau's new Law on Illegal Gambling Activities comes into effect today. Top law firm MdME outlines what's changed.
Wynn Al Marjan Island project is confirmed for a 1Q27 opening, remaining on track with no signs of delays, according to RAK Hospitality.
The POGO net continues to widen, with human trafficking charges filed against former Presidential Spokesperson Harry Roque Jr.

On the radar

Kangwon Land 3Q24 net profit up 24.3% YoY, to $66.5M.
Aristocrat confirms Gaming Related Vendor License for the UAE.
NUSTAR to launch new “ultra-luxury” hotel by December: reports.
Newport World Resorts appoints John Lucas as new Chief Hospitality Officer.
Moody's assigns a stable outlook for Genting, citing performance stability.
Another illegal POGO raid nets over 100 foreigners operating out of resort.
Philippines’ SEC prioritizes reforms to secure exit from FATF grey list.

AGB Intelligence

MACAU

New Law on Illegal Gambling Activities now in effect

Macau's much-debated new Law on Illegal Gambling Activities officially came into effect today. Top law firm MdME examines exactly what changes the new law brings about and what questions still need to be clarified. In particular focus was shutting down online gaming, side betting, and illegal money exchanges. But the law also covers lotteries and mutual betting, while expanding investigative powers for authorities and expanding liability for associated entities.

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