Would-be concessionaires must set out how they would attract foreign customers, the benefits they’ll bring to Macao and their stance on social responsibility.
Macao gaming law
Financial incentives offered for attracting overseas gamblers, junkets face tougher regulations; total of six concessions on offer – bidding process yet to be launched.
All six concessionaires united in praise for the government and optimism for the future of Macao’s economic mainstay.
Complex transfer involving bond issue should clear way for company to retender for gaming concession at year’s end.
Proposals include increasing junket operators’ capital to MOP 10 million and up to five years’ imprisonment for illegal deposit taking; bill should pass by 15 August.
Lawmaker Andrew Chan Chak Mo says only one more meeting required before first review of new bill is completed.
