Macau’s draft gaming bill is taking shape
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Macau's draft gaming bill is taking shape. Lawmakers are preparing to chuck out a provision that would prevent anyone with more than a 5% shareholding in a local casino operator from investing with any rival firm.
Legislator's committee is likely to alter a proposed measure within the draft gaming bill. It would give local authorities the ability to change the margins in the event of force majeure or unpredictable circumstances.
Macau's draft gaming bill is taking shape. It would require licensed casino operators to meet predetermined revenues targets or be obliged to forfeit a premium. Macau is home to some of the world's largest and most famous gambling venues.
Chan is an official of GGRAsia. He believes that removal of the investment directive would allow Macau casino operators to take advantage of normal business practices.
Galaxy Entertainment Group Limited acquired 4.9% stake in Wynn Resorts Limited four years ago. Pansy Ho Chiu King controls a large shareholding in MGM China Holdings Limited while simultaneously holding indirect interests in SJM Holdings.
