![]() The 5% tax in indirect taxes could however be reduced if operators manage to attract more overseas players to their casinos, as reported by Macau Business.Īdditionally, casinos now must be located on premises owned by concessionaires, but after a three-year transitional period, casinos in properties not held by the concessionaire (satellite venues) can be operated by a management entity that can only receive management fees for site services and not a share of gaming revenue. Macau officials are given the power to punish casino operators for a number of reasons, including under-performing revenue and threatening national security.įurthermore, gaming taxes have been raised marginally from 39% to 40%, including 35% in direct gaming taxes and a flat 5% tax for social welfare and urban development, representing a whole 1% more than before. Under the new legislation, the number of new licenses is limited to six, and the new permits will be given out for up to 10 years, down from the current 20 years. The new bill, approved by the 32 legislators present, will replace legislation in force since 2001, and increase the oversight of SAR authorities in the gaming sector of the city. ![]() The finalization of the legislation paves the way for officials to begin the process of issuing new casino licenses, as the current ones expire this year. Macau’s Legislative Assembly approved the city's new gaming law on Tuesday.
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