Former lawmaker will take over Million Dragon, Royal Dragon and Golden Dragon; industry undergoes final shake-up days before legislators approve gaming amendment bill.
satellite casinos
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.
Secretary for Security Wong Sio Chak points to illegal currency exchange activities as one of the main issues.
Lawmakers drill down on final detail as bill to reshape gaming industry heads toward Legislative Assembly on 26 June.
Troubled junket operation, whose former boss Alvin Chau is in custody, ceases travel business which had made up around 12% of its total revenue.
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.
Fate of workers following possible casino closures uppermost in lawmakers’ minds as they examine the nitty gritty of proposed bill.
