Macau Beefs Up Casino Rules, More Than Doubles Number of Gaming Investigators
HONG KONG (Reuters) - 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 its latest move to ramp up supervision.
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The executive council that advises Macau's chief executive announced proposals to boost the number of inspectors to 459 from 192 now, as well as creating a new director-level post at the regulator.
The regulations will take effect once published in the city's official gazette, the council said on Friday in a statement on the government's website, with local media saying it was likely to be within a few weeks.
The change comes just months before the expiry of multi-billion-dollar casino licenses that will require operators Sands China, Wynn Macau, MGM China, SJM Holdings, Melco Resorts and Galaxy Entertainment to rebid for new gaming concessions.
A Chinese special administrative region, Macau has massively tightened scrutiny of casinos in recent years, with authorities clamping down on illicit capital flows from mainland China and targeting underground lending and illegal cash transfers.
The regulations will take effect once published in the city's official gazette, the council said on Friday in a statement on the government's website, with local media saying it was likely to be within a few weeks.
The change comes just months before the expiry of multi-billion-dollar casino licenses that will require operators Sands China, Wynn Macau, MGM China, SJM Holdings, Melco Resorts and Galaxy Entertainment to rebid for new gaming concessions.
A Chinese special administrative region, Macau has massively tightened scrutiny of casinos in recent years, with authorities clamping down on illicit capital flows from mainland China and targeting underground lending and illegal cash transfers.
