One time king of the high rollers faces string of charges including money laundering and illegal betting involving sums up to HK$800 billion.
Macao gaming
Staff from two satellite casinos to be transferred to other GEG casinos and given training to adapt to new workplace as their employment terms remain unchanged.
Operators face 1% tax hike on GGR; greatest concern is fate of satellite casinos and potential effect of job losses on Macao’s economy.
Receipts just MOP 23.79 billion for first five months of the year, whereas government had predicted MOP 130 billion for whole of 2022.
Macao’s total gross gaming revenue in the first five months decreased by 44 per cent year-on-year to MOP 23.79 billion.
Secretary for Security Wong Sio Chak points to illegal currency exchange activities as one of the main issues.
Lawmaker Chan Chak Mo insists on workers’ rights in keeping with Labour Relations Law; new gaming bill due to go before legislature next month.
Pandemic blamed for poor results; chief executive adopts bullish stance, pointing to strong demand once travel restrictions are eased.
Standing Committee will review terms at least twice more before agreeing final wording and penalties with government officials.