Will the Overhaul of Macau’s Gaming Law Scupper Its Global Ambitions?
BY Sarah Wong |
Casino and junket operators in Macau are gearing up for the impact of the territory’s recently overhauled gaming law, the biggest such reform in two decades for the former Portuguese colony. The latest amendments to the gaming law further standardise the size and development of the industry while meting out punishment for a number of offences, ranging from underperforming revenue to jeopardising national security. While these tighter regulations could put Macau’s pandemic-battered economy under more pressure, there are also new opportunities.