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In a press release, the Macau government mentioned, amongst other issues, that it has begun a 45-day “consultation period” in regards to the legislation that applies to casino operations in Macau. Among the problems the Macau authorities are predicted to contemplate about the casino concessions, Santarelli says, are growing native possession of casinos in that market, the duration of the new concession agreements, and elevated regulation on the working degree for these firms. 15. He added that “investors have taken note of different sectors in China which have been exhausting hit by authorities intervention and increasing management.” The Chinese government, for example, recently announced strict limits for online sports use for younger individuals. And longer-term, the Chinese language authorities have been cracking down on VIP prospects in Macau to guard in opposition to money laundering and different illicit actions, forcing casino operators to cater more to premium mass affluent customers, as they’re identified.
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