Macau plans to give a maximum of six casino licenses for terms extending to 13 years and limit the public float of gambling operators as part of much-anticipated legal changes aimed at tightening government oversight on the world’s largest gaming hub.
The licenses will carry a term of 10 years which can be stretched by another three years, according to a government briefing Friday. The Macau administration also wants to increase the proportion of local ownership in casino firms from the current 10% to 15%.
