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In recent weeks, the discussion on the future of Macau's economic engine – the gaming industry – has intensified. One question is whether there is sufficient time to complete the steps necessary to amend the Gaming Law and award new concession contracts ahead of their planned expiry in June 2022. However, an even more important question is what approach the government will take in terms of public policy. ....
Introduction The Monetary Authority of Macao (AMCM) has been aligning its activity with the development of the financial markets and products in the Macau Special Administrative Region (MSAR), especially given the significant increase in the number and type of financial products available to the public and professional investors. In June 2019, in advance of the China Ministry of Finance s issuance of renminbi sovereign bonds, the AMCM issued Circular 007/B/2019-DSB/AMCM (Simplified Procedures for the Sale of People s Republic of China Sovereign Bonds) to simplify the relevant selling process of Chinese sovereign bonds to investors in general. More recently, in January 2021, the AMCM issued a circular regarding the provision and distribution of financial products to professional investors (Circular 001/B/2021-DSB/AMCM (Provision and Distribution of Financial Products to Professional Investors)). This circular built on the relevant provisions of Circular 033/B/2010-DSB/A ....
The Macau government might seek forms of in-kind benefit other than licence fees and taxation from casino companies that wish to take part in a new public tender process associated with the 2022 expiry of the six current gaming licences in the city. That is according to a research paper from two prominent Macau law experts, submitted to the International Association of Gaming Advisors, a body also known as the IAGA. “It is understood by the Macau government that the structural weakness” of the city’s economy, “excessively dependent as it is on tourism and gaming, became more well known as a result of the pandemic,” stated the paper from Pedro Cortés, managing partner at law business Rato, Ling, Lei & Cortés; and António Lobo Vilela, a former legal advisor to the Macau government on gaming-related matters. ....
GGRAsia – Casino cities embrace online play or lose out: experts ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Golden visas: Asian demand increases with law change Representatives of law firms active in Macau and Portugal have told Lusa News Agency that Asian demand has increased at a time when the new golden visa law is about to take effect in January 2022. We have felt in the last few months and also felt last year, until the beginning of the pandemic, a greater demand from investors , said one of the partners of the firm Rato, Ling, Lei & Cortés - Lawyers. “This is part of the strategy of having an office in Macau that gives us access to the Chinese market, Hong Kong and the market here in South Asia, and we feel that these markets have a greater appetite to invest in Portugal”, while the office in Portuguese territory has received most of the requests, underlined Pedro Cortés. ....