The future of satellite casinos featured prominently in discussions, as did the question of ‘dual nationality’ of future managing directors.
gaming law
Junket operations curtailed, government officials will inspect every three years, and threat to national security can lead to licence being cancelled.
Concessions cut to 10 years, leasing space to junkets banned, gross gaming revenue tax rate stays at 35 per cent.
Changes likely to have significant effect on the gaming industry which is Macao’s financial mainstay.
Respondents favour six concessions, reducing the licence to less than 20 years, and appointing government representatives.
Casino boss praises developments in Hengqin and applauds near 100% vaccination rate among staff.
The government aims to launch a public consultation by end of this year on granting of future gaming concessions in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions in 2022.
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