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Existing Macau satellite casinos given reprieve

Existing Macau satellite casinos given reprieve

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The President of the Second Standing Committee of the Macau Legislative Assembly, Andrew Chan Chak Mo, has announced that the Bill currently before the Legislative Assembly to amend Macau Gaming Law has been changed, and will now allow existing satellite casinos to continue to operate in premises not owned by a Macau casino gaming concessionaire, even beyond the agreed three-year grace period.

Mr. Chan went odd to add that once this grace period lapses, satellite operators will no longer be allowed to participate in revenue sharing arrangements with concessionaires.

It has been reported that the updated version of the Bill differs from the current publicly available version, in that it allows revenue sharing between concessionaires and satellite operators during the three-year grace period.

Mr. Chan made his announcement following a meeting between the Second Standing Committee of the Macau Legislative Assembly and representatives of the Macau government, that included Secretary for Economy & Finance, Lei Wai Nong, and Director of the Macau Gaming Inspection & Coordination Bureau, Adriano Ho.