(Translated version)

ADVISORY AGENCY EXPECTS THAT MACAU'S US-FUNDED GAMING COMPANIES ARE IN AN UNFAVORABLE POSITION

The advisory agency Steve Vickers and Associates published the "2022 Risk Assessment Report", stating that Macau gambling licensing expires this year. However, there is a lack of clarity about who can obtain new licenses and the terms of new gambling licenses. It is known that the Macau government intends to regulate the dividends of gaming companies and hopes that locals will have greater shareholdings. These have cast a shadow on the industry. When all kinds of circumstances change, I believe that the situation of US-funded gaming companies is even more unfavorable.

The report also pointed out that Macau’s large Junket gambling halls closed down, reflecting that the authorities no longer allow VIP rooms to operate in the current way. In order to strictly control capital outflows in the Mainland, investors should expect lower returns from the gaming industry in the future. Looking ahead to this year, it is believed that the authorities will focus on the mechanism to control the flow of capital into Macau, including the possibility of accounting in renminbi or promoting the use of electronic renminbi. Although it is good for monitoring, it harms the interests of the industry.

(Original – Chinese version)

顧問機構料澳門美資博企所處位置不利

顧問機構Steve Vickers and Associates發表《2022年風險評估報告》，表示澳門賭牌今年到期，可是誰可獲新牌及新賭牌條款等資訊欠缺明朗，已知的是澳門政府擬監管博企派息，及冀本地人有更大的持股，這些都令該行業蒙上陰影，在種種環境轉變時，相信美資博企所處的境地更為不利。

報告內更指，澳門有大型疊碼仔賭廳倒閉，反映當局不再容許貴賓廳以現時方式營運，同時也是內地為了嚴控資本外流，投資者要預期未來博彩業的回報會更低。展望今年，相信當局會聚焦於管控資本流進澳門的機制，包括可能以人民幣記帳，或推動使用電子人民幣，雖然利於監控，但損害了行業的利益。