Category: Games News
Macau lawmakers considering new junket and satellite casino legislation
In Macau and legislation that sets out the future governing of junket providers and satellite casinos reportedly passed its first Legislative Assembly reading yesterday by a 30-to-one vote.
According to a report from Inside Asian Gaming, the proposed Legal Framework for Operating Games of Chance in Casinos measure is now destined to be assigned to one of three working committees for further refinement. The source detailed that this process could ultimately result in a more polished version of this legislation being put up for a final vote before the 33-member body …
American investment bank JPMorgan Chase and Company has reportedly predicted that Macau casino operator SJM Holdings Limited is unlikely to pursue a policy of purchasing any further ‘satellite’ gambling assets.
According to a report from Inside Asian Gaming, the forecast follows the Hong Kong-listed operator’s Thursday decision to issue convertible five-year bonds worth slightly over $242.82 million so as to be able to buy the Casino Oceanus at Jai Alai facility it already runs from its Sociedade de Turismo e Diversoes de Macau (STDM) SA parent.