Macau Casino Stocks Jump in Hong Kong After Legal Changes Announced

The Macau Government has released a draft amendment to the local gaming law, which is viewed positively by the market. The proposal includes maintaining six casino licenses, reducing the license term to a maximum of 10 years, increasing local ownership from 10% to 15%, and setting a public flow cap of 30%. These changes primarily affect unlisted subsidiaries of casino operators. The bill has been tabled to the local legislature, and the legislative process may take some time. Current casino licenses may be extended until the legislation is finalized.

What is the maximum proposed term for casino licenses in Macau under the new draft?

• 5 years

• 10 years

• 15 years

• 20 years

To what percentage is local ownership proposed to be increased in the new gaming law amendment?

• 15%

• 10%

• 20%

• 5%

What is the proposed public flow cap for unlisted subsidiaries of casino operators?

• 25%

• 20%

• 30%

• 35%

What is the likely action regarding current casino licenses while the legislation is being completed?

• They will be revoked

• They will be extended

• They will be reduced

• They will remain unchanged

What is the general expectation regarding Macau lawmakers' response to the government proposals?

• They will reject most proposals

• They will modify the proposals significantly

• They will approve most proposals

• They will delay the proposals