Macau's gambling establishments to undergo reorganization
As it became known literally the other day, gambling clubs in Macau are expecting a large-scale reorganization. Six large operators operate in the province of China. All of them made statements on this matter after amendments were made to gambling activities. After the adoption of amendments to gambling legislation, the activities of casinos will be determined for several years ahead. It is expected that the new regulatory system will start working in the near future.
All Macau operators agreed that the changes would benefit both individual establishments and the gambling industry as a whole. Under the new rules, all operators will again have to obtain licenses to provide gambling services. Operators will apply for this procedure in the near future.
In particular, one of the leading gambling operators in Macau, MGM China Holdings Ltd, said that it fully supports and welcomes the changes that have taken place in the city's gaming industry. The operator's statement also noted that the new law spells out important information related to various aspects and procedures of the gambling industry. This will make it more resilient to the shocks that have been observed over the past 2 years due to the ongoing pandemic.
Another operator, Galaxy Entertainment Group Ltd, also stated that it fully supports the upcoming changes and amendments to the Macau Gaming Act. The planned optimization will create a solid foundation for the further development of gambling in Macau. As a result, we can expect sustainable economic growth and stability in this area.
Representatives of Sands China Ltd stated that new recommendations and changes in legislation will allow them to work with even greater responsibility. In turn, the company will definitely participate in obtaining an updated license to provide gambling services. Similar statements were made by all other operators of the Macau gambling industry. Each of them emphasized that they are going to obtain a license to provide gambling services.
