This week lawmakers in the former Portuguese colony of Macau approved of the gaming amendment bill, which will have the largest ramifications to the market since casinos were first openly liberalised twenty years ago.
The amendment bill was approved of by the Legislative Assembly of Macau, and will change tax and licensing regulations in relation to Macau casinos. There will be six concessionaires in Macau with the change, but lawmakers are removing subconcessions. There'll also be a cap on the number of gaming tables and machines that each casino can have included. Junkets will only be allowed to work with one concessionaire as well.
There will also be a tax increase on gross gaming revenues to 40%, but there will be breaks available for operators who're working to attract foreign players.
Lawmakers began working on these changes last year, after Macau casinos suffered from the Covid-19 pandemic. The gaming industry in Macau has rebounded a bit, but remains down from pre-pandemic levels.