Macau will start a public consultation tomorrow on its gambing licensing system, including how many licenses there should be in total.
The world’s largest gambling hub currently has six gambling licenses.
Four licenses, Melco PBL Gaming (Macau), Galaxy Entertainment Group , Venetian Macau and Wynn Macau, will expire in 2022.
Those of SJM Holdings and MGM Paradise expired in 2010, and was extended till 2022 to make them on par with the other four.
During the 45-day consultation, the public will be invited to comment on nine aspects, including how many licenses should be given out and how long the licenses should last.
The consultation will also cover what kind of regulations the licensees should be subject to, and what kind of employee protection they should provide.
Authorities will also consider introducing non-gambling elements into the licensing framework.
Secretary for Economy and Finance Lei Wai-nong said the Macau government hopes to ensure healthy and sustainable development of the gambling industry through improvements to the regulatory system of casinos. He also aims to increase the competitiveness of the “Las Vegas of Asia”.
The announcement came two days after Macau held an election for its Legislative Assembly.
The Macau government collected some MOP 3.27 billion in tax revenue from the gaming industry in August this year, a year on year increase of 27 percent.