Macau Postponed The Revision Of Gambling Legislation Due To A Pandemic
The head of the executive council of macao ho iath seng steated that covid-19 pandemic was still detained the revision of the local law on gambling, and the extension of current game concesions is just one of the many options under consideration.
Legislative revision of the current gambling law is a necessary step before process of public re-tender for gaming rights in macau in connection with the expiration of the existing six game concesions in june 2022.
Published in november, the political course for 2021 has shown that the draft revised law on gambling can be submitted to the legislative assembly to the last quarter of 2021, depending on the process of public consultation.
"Because of the pandemic we postponed some work for public consultations, but we make efforts to move on. This is the work that needs to be done. They will be held in the second half of next year. We are on the threshold of the new year, and we still need to prepare elections to the legislative assembly, "said ho.
Analysts from morgan stanley recently predicted that the macau government is likely to extend the current gambling concesions outside the current deadline of 2022 for three years due to the impact of the pandemic covid-19.
"We still strengthen the legal database. It is difficult to comment, because this concerns the future development of macau. When we have a complete legal framework, we will reveal more detailed information. Everyone can do forecasts, "said ho.
Source: macau business edition