This story was published more than 1 year ago.
This week it was revealed that Macau will be limiting gaming operators to having 6,000 gaming tables and 12,000 gaming machines in an effort to help reform the region's gaming laws.
The former Portuguese colony has been working to reform its gaming laws, and the new limits would go into effect on January 1st of next year. Each of Macau's six concessionaires would be subject to the limits, and each table would have to have a minimum Gross Gaming Revenue total of MOP 7 million. Gaming machines would have a minimum GGR or MOP 300,000.
Taxes will go up to 40% on GGR, but there will be the ability for Macau authorities to provide relief by up to 5%.
The Macau gambling reforms are coming into place some 20 years after the market was liberalised by the government. Macau is trying to change things up a bit after struggling mightily during the Covid-19 pandemic and is thereby looking to diversify its industry.