Tag Archives: Rui Pinto Proença
The ultimate concession: The future shape of the Macau gaming market
Discussions about the future of Macau have been put on ice due to the intervention of the Covid-19 pandemic, but they have also crystalised around the argument for change. The impact of the coronavirus has put into stark relief Macau’s reliance on a single economic resource and the fragility of its infrastructure as a result….
Macau Gaming Concessions: A case for licence extensions
We are approximately 20 months out from the expiration of the existing concession (and sub-concession) contracts between the Macau government and the current casino operators. These are SJM, MGM, Melco, Wynn, Galaxy and Sands. Twenty months may seem like plenty of time to address what is, in its essence, a licensing issue. However, as recent…
Cambodia: Law on the management of IR and commercial gambling
On July 3, the Council of Ministers of the Royal Government of Cambodia passed long-awaited legislation governing its gaming industry. The draft bill – Law on the Management of Integrated Resorts and Commercial Gambling (LMCG) – is now pending for approval by the National Assembly and the Senate. In the making for almost nine years,…