Asia Casino

Asia Casino

Macau regulatory overhaul has casinos wondering if it’s game over

As the government commences a regulatory overhaul of Macau, the world’s biggest gambling hub, lawyers and businesses are reading the tea leaves and gearing up for change.

In September, Macau has begun a 45-day public gaming consultation, a precursor to likely tighter regulations. The same month, Reuters reported shares of Macau casino operators shed as much as a third of their value, around $18 billion, shocked by these regulatory developments.

It added that Hong Kong stock analysts almost immediately downgraded their view of near-term prospects for casino operators in the Chinese special administrative region, who must all rebid for licenses when current permits expire in June 2022.

Source: https://www.legalbusinessonline.com/macau-regulatory-overhaul-has-casinos-wondering-if-it%E2%80%99s-game-over

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