MARKET INSIGHT MACAU
3. Te operational condition of the concessionaires.
4. Te overall state of investment by the concessionaires, including non-gaming projects.
5. Te utilisation of gaming tables and machines.
Furthermore, the Secretary for Economy and Finance has the authority to reduce the number of tables if the annual gross gaming revenue fails to reach the minimum amount set by the Chief Executive for two consecutive years. Additionally, if the authorised number of gaming tables or machines is not fully utilised within the specified period without a valid reason, the Secretary for Economy and Finance may also reduce the number.
Under law 7/2022, casino gaming concessionaires are now required to seek authorisation from the Gaming Inspection and Coordination Bureau (DICJ) when putting into circulation gaming chips, being the number of gaming chips in circulation is subject to the approval of the Secretary for Economy and Finance.
Furthermore, the concessionaires have a legal WIRE / PULSE / INSIGHT / REPORTS P69
The Secretary for Economy and Finance has the authority
to reduce the number of tables if the annual gross gaming revenue fails to reach the minimum amount set by the Chief Executive for two consecutive years.
Additionally, if the authorised number of gaming tables or machines is not fully utilised within the specified period without a valid reason, the Secretary for Economy and Finance may also reduce the number.
obligation to ensure that there is sufficient cash or other forms of credit to cover the value of the chips in circulation, enhancing the financial stability and integrity of the gaming operations and ensuring that the concessionaires can honour the value of the gaming chips issued to players.
Finally, an important feature was also introduced by Law 7/2022, requiring casino concessionaires to develop and implement a comprehensive responsible gaming plan. Tis plan should encompass various elements, including:
1. Information on responsible gaming and problem gambling behaviours, providing educational materials and resources to raise awareness about responsible gaming practices and the potential risks of problem gambling.
2. Measures to prevent minors and legally incapacitated individuals from entering the casinos: with casino concessionaires required to establish strict protocols and procedures to verify the age and legal capacity of individuals entering the premises, ensuring that only eligible individuals are allowed to gamble.
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