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For many serious patrons of casinos, Chinese-ruled Macao has been the mecca of gaming, with high-end shopping and even higher-stakes tables. One of the world’s biggest gambling centers before the COVID-19 closures, Macao is now experiencing tougher scrutiny on its casino scene as part of what analysts describe as an effort to control crime and capital outflows that rippled into the mainland China economy.
A draft gaming bill now pending in the Macao Legislative Assembly would stop casino operators from issuing junket licenses, which are for larger organized tours, and from sharing revenue with any gambler-to-casino intermediaries. It would limit the number of newly licensed casinos to six, with terms of 10 years, half the current time, while specifying maximum numbers of gaming tables and gaming machines.
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I honestly do not see how this would affect the consumers. If anything, it could make Macau more "exclusive", and therefore more attractive to gamblers.
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Macau's main target market are mainlanders. With stricter laws against money transfers going out of China, it will stop Chinese high-rollers from gambling in Macau.
Also, Beijing wants to diversify Macau's revenue away from gambling and towards other forms of entertainment.
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I am curious about how online gambling figures in Asian markets. The rules are somewhat different from the rest so I wonder if there are a lot of opportunities for Asian bettors to go online or if retail gambling is more popular there.
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