Macau Overhauls Gaming Laws: What to Expect

Macau officials have proposed new reforms to their gambling laws after a difficult 2021. The proposed reforms include a focus on national security, with six casino licenses to be granted for up to 10 years, prohibiting sub-concessions. The shareholding ratio of permanent Macau residents in casinos will be raised to 15%.

Casinos and companies must meet the 5 billion pataca mark in capital to apply for a new license. An analyst from Bernstein, Vitaly Umansky, predicted that Macau's gross gaming revenue could reach 81% of its 2019 figures by 2023.