According to the draft, gaming companies cannot operate if their capital is less than 5 billion patacas. If a gaming company intends to operate other business related businesses, it must obtain permission from the Secretary for Economy and Finance. If a gaming company conducts public subscription, issuance of bonds or preferred shares, the Chief Executive’s permission is required. In addition, the Bureau of Gaming Supervision will review the overall performance of the awarded contract every three years. If it is found that the contract has not been actively fulfilled, the gaming company must make improvements within the period specified by the Secretary for Economy and Finance. Gaming companies are also required to submit a report on the commission amount of the intermediary to the Bureau of Gaming Inspection at the latest on the 10th of each month. Any matter that affects the repayment ability of the intermediary must also be notified to the BoC within 5 days following the company becomes aware of it. The commission rate for gaming junkets is 5%.
The draft also stipulates that, in addition to the special limit indicated by the gaming table, the Secretary for Economy and Finance may approve the opening, increase or decrease of the number of casinos, gaming tables or gaming machines. It clearly states that if the revenue from gaming tables or gaming machines for two consecutive years does not meet the minimum gross income limit indicated by the first batch, or is not fully utilized, it has the right to reduce the number of gaming tables and gaming machines. As for the upper limit of circulating chips, the permission of the Secretary for Economy and Finance is required, and it is necessary to ensure that it is honored.
As for gaming companies and companies with gaming companies as their controlling shareholders, if they seek to go public, they must obtain the permission of the Chief Executive, and the circulation of the listed shares should not exceed 30%. In addition, the listed companies must submit the company’s articles of association, the identity information of non-tradable shareholders and Contribution. In addition, if a gaming company operates in other jurisdictions, the chief executive must issue a license following listening to the opinions of the Gaming Commission. If those who hold more than 5% of the equity of a gaming enterprise also operate in other jurisdictions, or are suspended from operation and investigation, the gaming enterprise must notify the gaming supervision bureau.
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