Complex transfer involving bond issue should clear way for company to retender for gaming concession at year’s end.
Macao Casinos
Lawmaker Chan Chak Mo insists on workers’ rights in keeping with Labour Relations Law; new gaming bill due to go before legislature next month.
Lawmakers drill down on final detail as bill to reshape gaming industry heads toward Legislative Assembly on 26 June.
CEO Craig Billings stresses company remains confident and market will bounce back once travel restrictions are relaxed.
CEO points to expansion of retail and F&B at Grand Lisboa Palace as investment in Macao tourism and trust in obtaining new concession.
Chief Executive laments Macao continues to suffer the effects of Covid-19 and poor visitor numbers, rising unemployment and declining birth rate.
Taking illegal deposits could land offenders in prison for up to five years, once Legislative Assembly passes proposed bill.
Lawmaker Andrew Chan Chak Mo says committee has finished its fine-tooth comb review of new gaming bill, final text expected by third week of April.
Concessionaires’ contributions to city’s development will stay the same; chief executive will have final say in ‘major’ financial decisions.
