Macau beefs up casino rules, more than doubles number of gaming investigators
The world’s biggest casino hub of Macau will shake up its casino regulator by more than doubling the number of gaming inspectors and restructuring several departments in their latest move to ramp up supervision. The executive council that advises Macau’s chief executive announced proposals to boost the number of inspectors from 192 now, as well as creating a new director-level post at the regulation department (which is being restructured).
This month, the Macau government will implement new regulations that force foreign casino operators to provide more information on their employees. The change in law comes just months before the expiry of multi-billion dollar casino licenses and has already caused many concerns for local businesses who are now forced to undergo major changes with little notice.
Macau has been in a state of flux for years as the government cracks down on illicit capital flows and underground lending. But when Beijing intensified its efforts to restrict cross-border gambling, Macau’s junket operators lost one source of revenue after another. The city’s VIP casinos have also struggled with a decline in travel all because China was dealing with an outbreak due to coronavirus since 2020 started
This past year, gambling revenues have been less than half of the figures from this time last year.