Gaming commission responsible for helping the SAR’s chief executive in analysing and deciding all matters relating to the gaming sector.
Macao gaming
US ratings agency predicts 2022 GGR as low as 20% of 2019 levels, recovering slightly in 2023, at time of flux for city’s gaming industry.
Effective 30 September 2022, industry veteran will be leaving Wynn Macau after more than five years to join Australia’s leading gaming group.
Outgoing president Ian Michael Coughlan leaves next February but will continue in advisory role; CEO hails successful transition.
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.
Last month’s figure drops by 25.9 per cent month-on-month as city fights its worst Covid-19 outbreak, leaving Macao almost empty of visitors.
Cash injection comes at crucial stage for Macao’s oldest gaming operator in the run-up to bidding for new concessions.
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.