SJMHF - Macau casino stocks rally after key report indicates six licenses are likely

Macau casino stocks are on watch after a 45-day forum held in Beijing to address regulatory oversight, gambling license limitations and employee welfare issues ended with the issuance of a public consultation comments and a report by the Chinese government on promoting a sustainable and health gaming industry. "The consultation text of this revision of the law proposes 9 key points of consultation, including: (1) the number of grants for operating casino lucky betting; (2) the grant period; (3) increase the statutory requirements for the supervision of approved companies; (4) Employee protection; (5) Strengthen the review mechanism for approved companies, gaming intermediaries and partners; (6) Introduce government representatives; (7) Promote projects with non-gaming elements; (8) Social responsibility; (9) Clarify criminal Liability and administrative punishment system." After going over the public consultation report, Morgan Stanley says it expects the status quo with six licenses in Macau for a duration of 10

For further details see:

Macau casino stocks rally after key report indicates six licenses are likely