Monday, August 08, 2022

Government may seek greater role in Macau casinos after mid-term review


The Macau government plans to increase its influence over the decisions of casino operators after the renewal of gaming licenses between 2020 and 2022, according to a note from Daiwa, whose analysts recently interviewed Legislative Assembly member José Pereira Coutinho.

Coutinho said in the interview that “among some of the possible changes under consideration are giving the government a greater ability to exert further influence over the operators.”

“In Mr. Pereira Coutinho’s view this could involve shortening the new concessions terms (from 20-25 years currently), and/or amending the existing laws and regulations and to add specificity in areas that the existing framework does not adequately address,” said Daiwa in its note.

The concessions will be renewed between 2020 and 2022, Daiwa said it is not likely any of the casino operators will not have their gaming license renewed during the renewals process.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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