Number of surviving satellite casinos to be announced after the signing of new Macau concession contracts

Number of surviving satellite casinos to be announced after the signing of new Macau concession contracts

Article brief provided by Inside Asian Gaming
  • Pierce Chan, Inside Asian Gaming
December 6, 2022 1:47 PM
  • Pierce Chan, Inside Asian Gaming

Macau’s Secretary for Economy and Finance, Lei Wai Nong, told the Legislative Assembly on Monday that the final gaming contracts signed with concessionaires will list the number of remaining satellite casinos in Macau.

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The new Gaming Law requires all casinos to be located in properties owned by concessionaires, forcing many existing satellite casinos to close down their gaming operations.

In Monday’s Legislative Assembly meeting, a number of legislators expressed concern over the issue of satellite casino employees and questioned whether the government would have a guarantee to assist in the exit arrangements for employees after the closure of satellite casinos.