Changbin Wang is an Associate Professor teaching Gaming Law and Regulation at the Gaming Teaching & Research Center, Macao Polytechnic Institute (MPI). Before joining MPI in 2009, he worked in the central government of China as a law expert. He is the author of two monographs Major Issues of Macao’s Gaming Law and Macao Gaming Law. He can be reached at firstname.lastname@example.org.
Macau’s junket licensing and regulatory measures need to be improved, says Changbin Wang, an Associate Professor at Macao Polytechnic University. Wang made the comments as part of a panel discussion held at the MGS Entertainment Summit covering junket regulation, where he highlighted a number of due diligence and other shortfalls evident in the industry. One […]
There is a large opportunity for the slot machine market in Macau, though growth is being hampered by a lack of understanding of the machines by mainland Chinese and a low payout ratio, according to a leading gaming academic. Revenue from slot machines last year accounted for just 4.1 percent of total gross gambling revenue […]
The government’s mid-term review of Macau’s six gaming operators is now well underway, assessing the strengths and weaknesses of the concessionaires and sub-concessionaires ahead of the expiry of current concessions.Against a backdrop of a year of falling gambling revenue and a crackdown on corruption by mainland China, it has added a further layer of regulatory uncertainty in the market.
The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.