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Jun 22, 2022 09:14 PM (GMT+8) · EqualOcean
The Legislative Council of the Macao SAR Government of China has discussed and amended Law No. 16/2001, legal system for lucky gambling in casinos, and Law No. 7/2022 has been officially promulgated. The law was passed by the Legislative Council on June 21 and will take effect the day after its promulgation. In terms of the granting system, the revised gambling law clearly stipulates that the maximum number of lucky gambling in casinos is 6, that is, the maximum number of gambling licenses in Macao is 6, and it is prohibited to set a burden, transfer or transfer all or part of the management right of lucky gambling in casinos to a third party in any name, or constitute the legal rights and obligations of the company granting the lottery in casinos, Or the contract status is partially transferred or transferred to a third party. At the same time, the operation and grant period of Casino Lucky gambling shall be specified in the grant contract and shall not be more than 10 years, that is, the grant period of the license shall not be more than 10 years, and may be extended for up to three years in exceptional circumstances.

This text is a result of machine translation.