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 steps will the Macau Government take following the introduction of the new gaming law amendment?

What has been the historical response of Macau lawmakers to government proposals?