Casinos are the economic driver in Macau. The gaming industry supports more jobs and delivers the enclave more tax revenue than any other business activity in town.<\/p>\n
The regulatory review, Macau officials say, isn’t to hurt the casinos, but better oversee their operations.<\/p>\n
\nWe want to reinforce the monitoring on the gaming companies. I want to stress that our regulations need to be updated to ensure that the development of the gaming industry will be sustainable and healthy,” Lei Wai Nong, Macau secretary of economy and finance, told GGRAsia<\/i>.<\/p>\n<\/blockquote>\n
Macau officials conceded during the Monday meeting that the financial health and stability of the casino operators will weigh on regulatory decisions. That’s welcomed news to casinos and the Macau population, as COVID-19 resulted in the elimination of 11,000 jobs in the industry.<\/p>\n
At the end of 2020, Macau’s casinos and junkets employed a workforce totaling roughly 76,300 people.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casino operators this week had their first face-to-face with government officials. Those regulators have been tasked with determining changes that will oversee the gaming market’s next operating term. Officials from Las Vegas Sands, MGM Resorts, Wynn Resorts, Melco Resorts, Galaxy Entertainment, and SJM Resorts attended the first and only planned consultation session between the […]<\/p>\n","protected":false},"author":25,"featured_media":186468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,13592],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Seek Clarification on Proposed Regulatory Change<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n