HONG KONG, June 21 - The world's biggest casino hub of Macao will boost its casino regulator by more than doubling the number of gaming inspectors and restructuring several departments in its latest move to ramp up supervision.
The government approved suggestions to increase the number of inspectors from 192 today to 459 as well as creating a new director-level position at the OSCE.
The regulations will take effect when made public in the local gazette of the city, the council said on Friday in a statement on the government's website with official media saying it would likely be within a few weeks.
The change comes just months before the expiry of multi-billion gambling licenses that would 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 in recent years intensified the enforcement of casinos with authorities target illegal capital flows from mainland China and crack down on illicit lending and cash transfers.
China has also intensified a war on cross border flows of funds for gambling affecting the financing channels of Macau's junket operators and VIP casino customers.
From the start of 2020, Macau has struggled with a dearth of travellers because of coronavirus curbs. While gambling revenues have picked up in recent months, they are less than half the figure of 2019. How do you quantify the impact of your comment on people in your life?