Regulation

Macau operates under a concession model: there are a limited number of casino concessions (operators) issued by competition for a fixed period, with strict KPIs for investment and tourism.

Supervision is carried out by DICJ (Gaming Inspection and Coordination Bureau): licensing, audit, control of AML/KYC and Responsible Gaming.

The effective tax burden is levied on gross gaming income (GGR) plus mandatory earmarks for social and cultural programs.

The law establishes an age of 21 +, limits on the number of tables/slots and minimum revenue standards per unit of equipment.

The Junket model is sharply shrunk: a ban on equity participation in revenue, increased requirements for promoters and transparency of settlements.

Operators are required to have a local resident manager with a substantial share, compliance-by-design, transaction monitoring systems and self-exclusion/limit mechanics.

The regulator connects the extension of concessions with diversification: investments in MICE, culture and non-gambling projects are becoming as important a condition as financial stability.