The Macau authorities today announced some of the key aspects of a bill proposing a new regulatory system for gaming that will shape how the industry looks for years ahead.
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Macau’s Executive Council, an advisory body to the city’s Chief Executive, stated that there would be a maximum of six concessions under the government-backed bill. It would end the existing sub-concession model.
It added that the concession period would be a maximum of 10 years, but it could be extended by a further three years under exceptional circumstances. The existing six concessions - due to expire in June - covered a 20-year lifespan.
