IAGA INSIGHTMACAU SPOTLIGHT


Despite some public speeches asking for more, the fact is that keeping the


employees, which


No. 26/2001), the frequency of casinos (Law No. 10/2012, as amended) and administrative infractions restricted to the piece of legislation where they are included (Administrative Regulation No. 6/2002 and Law No. 10/2012, as amended) has been enacted.


Returning to the point of the potential extension, and although the Macau Chief Executive may decide to further extend the term of the concessions (and authorise for extension of the term of the sub- concession in conformity), one or more times and up to five years, the Macau Government has announced several times that a public tender to award casino gaming concession will be open in 2022. If that would be the case, 2020 might be the year to launch the preparatory works to that effect. Nonetheless, and despite this timeframe, one may expect some delay due to the current Covid-19 situation.


In case the public tender is still going to take place, and taking also into consideration a recent public


speech by the Chief Executive, it is expected that social responsibility be a topic of paramount importance in the public tender to be open in 2022.


Notwithstanding the Macau laws not foreseeing explicitly – there are contributions to public foundations in the Macau gaming law and in the concession (and sub-concession) contracts – any at the moment, casino gaming operators have been putting in place mild measures in this regard, especially because Macau legislators from time to time voice out for such a need and the Macau Government has been advising its implementation, particularly in relation to the casino employees.


The Chinese lotteries operator has a contractual obligation to deposit (in a bank account opened in its name specifically to the effect) the amount of all unclaimed premiums and donate them to charitable institutions chosen by the operator directly and accepted by the MSAR; the instant lotteries and sports


represent directly 25 per cent of the active population of Macau, is already a social


responsibility action which helps to


maintain the social harmony of the Special Administrative Region


betting operator has a contractual obligation to deposit MOP1 million every year to a fund, denominated “Health Fund”, created with an initial capital of MOP2.5 million pursuant to a contractual obligation; SJM and MGM agreed, as consideration for the extension of the contractual term of their casino gaming contracts, to be included in the mandatory social security regime and to provide the Macau Government with a bank guarantee to secure the payment of labour debts.


In relation to labour concerns, operators seem to have as top priority the maintenance of its employees.


Despite some public speeches asking for more, the fact is that keeping the employees, which represent directly 25 per cent of the active population of Macau, is already a social responsibility action which helps to maintain the social harmony of the Special Administrative Region.


Furthermore, if the times were challenging in the gaming industry before the Covid-19 pandemic, there’s now the momentum to start seeing also moves towards mergers of gaming companies worldwide, which could have direct impact in the chessboard of the local industry.


Macau will surely recover – maybe sooner than other jurisdictions – from this crisis. However, there are plenty of chips on the table which may define the framework of the local industry in the future.


NEWSWIRE / INTERACTIVE / MARKET DATA P43


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