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Rato, Ling, Lei & Cortés Advogados | Macau | 12 Aug 2021

Sports betting in Macau – opportunity to change the games

Recent amendments to the Macau Slot Co Ltd concession contract introduced an important development – the change from an exclusive concession model operated by a single entity to a concession model that allows more than one concessionaire of sports lottery. It is now time to continue the development in this industry and introduce a new law to amend the legal framework for sports betting,......
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Rato, Ling, Lei & Cortés Advogados | Macau | 3 Jun 2021

Gaming industry – public policy for a fresh era

In recent weeks, the discussion on the future of Macau's economic engine – the gaming industry – has intensified. One question is whether there is sufficient time to complete the steps necessary to amend the Gaming Law and award new concession contracts ahead of their planned expiry in June 2022. However, an even more important question is what approach the government will take in terms of......
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Rato, Ling, Lei & Cortés Advogados | 27 Apr 2021

Provision and distribution of financial products to professional investors

The Monetary Authority of Macao has been aligning its activity with the development of the financial markets and products in the Macau Special Administrative Region (MSAR) and recently issued a circular regarding the provision and distribution of financial products to professional investors. As professional investors are generally viewed as a catalyst or pillar of an efficient financial......
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Rato, Ling, Lei & Cortés Advogados | Macau | 22 Apr 2021

Provision and distribution of financial products to professional investors

The Monetary Authority of Macao has been aligning its activity with the development of the financial markets and products in the Macau Special Administrative Region (MSAR) and recently issued a circular regarding the provision and distribution of financial products to professional investors. As professional investors are generally viewed as a catalyst or pillar of an efficient financial......
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Rato, Ling, Lei & Cortés Advogados | 2 Feb 2021

Role of digital yuan in gaming industry

Although the Macau regulator has reported that the potential use of a digital yuan in Macau's casinos is 'fake news', this new form of currency could jeopardise the gaming promotion activity that has underpinned the entire industry since the 1980s. A centralised, trackable and seizable digital currency would provide never-before-seen visibility over clash flows to the city cages. This could......
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Rato, Ling, Lei & Cortés Advogados | Macau | 28 Jan 2021

Role of digital yuan in gaming industry

Although the Macau regulator has reported that the potential use of a digital yuan in Macau's casinos is 'fake news', this new form of currency could jeopardise the gaming promotion activity that has underpinned the entire industry since the 1980s. A centralised, trackable and seizable digital currency would provide never-before-seen visibility over clash flows to the city cages. This could......
Commentary
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Rato, Ling, Lei & Cortés Advogados | 15 Jan 2021

Draft law on tax benefits for activities dedicated to scientific and technological innovation

The government has issued a draft law on tax benefits for undertaking activities dedicated to scientific and technological innovation. This draft law is a consequence of the Macau Special Administrative Region Policy Address for the Fiscal Year of 2019, particularly in relation to innovation in the areas of technology and smart-city development, and aligns with the goal of transforming the......
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Rato, Ling, Lei & Cortés Advogados | Macau | 14 Jan 2021

Draft law on tax benefits for activities dedicated to scientific and technological innovation

The government has issued a draft law on tax benefits for undertaking activities dedicated to scientific and technological innovation. This draft law is a consequence of the Macau Special Administrative Region Policy Address for the Fiscal Year of 2019, particularly in relation to innovation in the areas of technology and smart-city development, and aligns with the goal of transforming the......
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Rato, Ling, Lei & Cortés Advogados | Macau | 15 Oct 2020

Proposed new law on h­­otel establishments' activities

Macau's tourism and entertainment industry has been severely affected by the COVID-19 pandemic. With this in mind, the Second Standing Committee of the Legislative Assembly initiated discussions on the draft law on hotel establishments' activities, which the government submitted to the Plenary in February 2019. This law is welcome, as it will update the 1996 law and modernise the legal......
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Rato, Ling, Lei & Cortés Advogados | Macau | 16 Jul 2020

New e-government law will streamline administrative proceedings

In Macau, administrative acts must generally be performed in writing. Thus, given the way in which COVID-19 has affected everyday life, Law 2/2020, which was recently approved by the General Assembly, could not have come at a more appropriate time. This e-government law enables public bodies to undertake various actions and formalities electronically and, together with Law 5/2005, provides......
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