HONG KONG - Macau's Legislative Assembly published the draft of a highly anticipated gaming law bill on Tuesday , providing further details for multibillion-dollar casino operators in the world's biggest gambling hub.
The government has said all existing or potential operators need to apply through a new tender process. It did not detail when operators will have to bid or whether the current licence term will be extended, according to a notice posted on its website.[[nid:556787]] The bill gave further clarity on Macau's junket operators, middle men who have been tasked with bringing in high rollers from mainland China.
Macau will continue to issue junket licenses to approved VIP promoters but will restrict them to only operating in one concessionaire.
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