This paper provides an overview of the evolution of the legal framework applicable to the casino gaming industry in Macau. The focus is on the evolution of the system of concessions and sub concessions, the regulation of gaming promoters, the complex VIP segment, as well as the anti-money laundering requirements. A final section considers the rapidly growing competition posed by the spread of gaming in various jurisdictions in the region. Asian Gaming Lawyer May 2017 What future for Macau’s sub-concessions? In memoriam (Rui Afonso, 1947-2017) Macao gaming systems are the result of historical evolution from the 19th century onwards, which were legally established and made available for commercial purposes through administrative concessions granted by the Macao SAR Government (Godinho, 2016: 239)1. This paper provides an overview of the evolution of the legal framework applicable to the casino gaming industry in Macau. The focus is on the evolu-tion of the system of concessions and sub concessions, the regulation of gaming promoters, the complex VIP segment, as well as the anti-money laundering requirements. Casino gambling in Macau was legalized in 2002 (Wong, 2011), and it is the only jurisdiction in China that allows casino gambling (Liu et al., 2015). There are no restrictions to casino entry. ... The evolution of casinos ... will need to continue to work closely with legal and other strategic advisers to help navigate the complex web of casino regulation. ... Gaming in Macau casinos ... CASINO GAMING IN MACAU: EVOLUTION, REGULATION AND CHALLENGES Jorge Godinho* ABSTRACT This paper provides an overview of the evolution of the legal framework applicable to the casino gaming industry in Macau. The focus is on the evolu- tion of the system of concessions and sub concessions, the regulation of gaming promoters, the complex VIP segment, as well as the anti-money laundering ... This is a powerpoint presentation that tries to summarize some of the main issues of the legal regulation applicable casino gaming in Macau, China, which is the world's largest gaming market. The presentation covers an evolution of casino gaming; the legal concept of concessions; the regulation of gaming promoters (junkets); credit for gaming; and ... Wynn Macau: Gambling on the Edge of China 1. How would you characterize competition in the gaming industry in Macau? The gaming industry was monopolized by Stanley Ho’s S.T.D.M before 2001, then there are six players in the oligopoly market. This is a powerpoint presentation that tries to summarize some of the main issues of the legal regulation applicable casino gaming in Macau, China, which is the world's largest gaming market. This paper provides an overview of the evolution of the legal framework applicable to the casino gaming industry in Macau. The focus is on the evolution of the system of concessions and sub concessions, the regulation of gaming promoters, the complex VIP segment, as well as the anti-money laundering requirements. A final section considers the rapidly growing competition posed by the spread of gaming in various jurisdictions in the region.
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