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Macau Legislators Pass Landmark Casino Reform Bill


FILE - People walk in front of Casino Lisboa in Macau, China, Dec. 21, 2019.
FILE - People walk in front of Casino Lisboa in Macau, China, Dec. 21, 2019.

Legislators in Macau approved a landmark casino bill on Tuesday, the biggest reforms in more than two decades, ahead of an expected casino license bidding process in the world's biggest gambling hub.

The changes - marking the first major reforms since casinos were first liberalized in 2002 - mean far greater oversight and control by the government into casino operations in Macau.

The vote came as the Chinese special administrative region carries out mass COVID-19 testing of its more than 600,000 population after dozens of locally transmitted cases were found in recent days.

A hotel and casino resort on Macau's main peninsula was locked down by authorities on Tuesday due to a coronavirus infection, with some 700 people forced to quarantine.

Macau's legislature released a final draft of a highly anticipated gaming bill last week, fixing casino tax to 40% from 39% currently and giving officials far greater oversight into casino operations.

The 55-page document, released in Portuguese and Chinese on the legislature's website, comes as the government is due to formally sign a six-month license extension for casino operators this week.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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