The new Gaming Industry Bill for Macau, announced last week by Secretary for Administration & Justice, André Cheong Weng Chon, has been broadly welcomed by all six gaming operators in the region, all of whom suggest that Macau will benefit from their implementation.
The six operators have each released official statements praising the Bill, with Melco Resorts & Entertainment insisting on its confidence in the development of an integrated tourism and leisure industry in Macau and confirming its commitment to participation in the gaming concession tender process.
Galaxy Entertainment also welcomed the Bill, stating that the company will “proactively support the related work of the Macao SAR Government, as well as the gaming industry’s sustainable and healthy development, to contribute to Macau’s long-term prosperity.”
Wynn Resorts believes that the enhancement of regulations will significantly improve and strengthen the long-term development of Macau and is looking forward to working with the Government and actively participating in the public tender process.
MGM China stated that the Bill provides clarity and details on the overall direction and timetable, as well as improving the relevant content of the current gaming legislation, and SJM Resorts said that the Bill is an improvement to existing gaming law, with details on proposed amendments and clear guidelines that would benefit the industry in Macau. And finally, the Sands China statement said that the company is optimistic about the future of Macau’s industry and will fully cooperate with the Government to support the passage of the Bill.