After Alvin Chau was cleared of fraud (though not a raft of other crimes), Macao’s gaming operators are no longer entitled to more than 2 billion patacas in compensation.
Venetian Macau
Several others convicted with the fallen junket operator are reportedly launching appeals as well.
Authorities grant permission for 6,000 gaming tables and 12,000 slot machines across the city next year, roughly the same numbers as now.
Proposals include hi-tech theme park, incubator centre to develop hi-tech innovation and shows by superstars like Aaron Kwok Fu-shing and Leon Lai Ming.
Operators embark on new game plan while tasked by government to play greater role in diversifying city’s economic, day-to-day life and guaranteeing local jobs.
Figure also shows 23 per cent drop from previous month’s GGR, a setback just as Macao began to recover from its summer Covid-19 outbreak.
Malaysia-based GMM Limited makes last-minute submission; bidders for 10-year concession to present full proposals to authorities at weekend.
Chan charged with illegal gambling, criminal association and money laundering; gaming concessionaires including MGM, Wynn and Venetian Macau claim compensation for losses caused by junket.
Scheme extended until end of March 2023; Labour Affairs Bureau job fairs hampered by applicants’ lack of skills and knowledge.
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