In review: licensing and taxation of gambling activities in Macau
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The main legal and regulatory framework for casino gaming, pari-mutuels and operations offered to the public comprises the following: Law No. 8/96/M of 22 July 1996 (illegal gambling), Law 16/2001 of 24 July 2001 (Macao Gaming Law), Administrative Regulation No 26/ 2001 of 29 October 2001, Law 5/2004 of 14 June 2004 (extension of credit), and Law 10/2012 of 27 August 2012 (entry, work and gaming restrictions in casinos). Law 17/2018 of December 2018 amended Administrative Regimes No 27/2009 of 10 August 2009. Governmental Guidelines on topics such as anti-money laundering, responsible gaming and commission cap and accounting requirements.
Law No. 8/96/M of 22 July 1996 (illegal gambling), Law No 16/2001 of 24 July 2001 (Macao Gaming Law), Administrative Regulation No 26/ 2001 of 29 October 2001, Law 5/2004 of 14 June 2004 (extension of credit), and Law 10/2012 of 27 August 2012 (entry, work and gaming restrictions in casinos). Law 17/2018 of December 2018 (gaming machines regulation). Governmental Guidelines. The DICJ has released guidelines on topics such as anti-money laundering, responsible gaming, gaming promoters' commission cap and accounting requirements, technical specifications of gaming machines and casino internal control rules.
In review: licensing and taxation of gambling activities in Macau. Executive Order No. 163/90/M of 27 August 1990 (horse racing and pari-mutuels), as amended. Law No 9/96/ M of 22 July 1996 (criminal offences related to animal racing). Decree Order 12/98/m of 9 February 1998 (triple-winner, double-quinela, triple-trio and six-up betting). Executive order 22/2000 of 3 April 2000 (classified quinela betting), Executive orders 47/2001 of 30 October 2001 and 63/2003 of 15 August 2003 (horses racing betting via the internet). Concession contract with Macao Horse Race Company Limited, dated 4 August 1995, as amendable from time to time, currently extended to 31 August 2042.
In review: licensing and taxation of gambling activities in Macau. Decree Order No. 7611 of 26 August 1964 regulates greyhound racing, the totaliser and Cash Sweep lotteries. Executive Order 53/2000 of 17 August 2000 (classified quinela betting). Order 64/2003 of 15 August 2003 (greyhound betting via the internet). Executive order 75/2009 of 14 July 2009 (odd or even number betting)
Executive Order No. 20/2005 of 27 May 2005 (sports lottery – basketball betting). Executive Order no. 67/2018 of 20 April 2018 ( sports lottery - football betting) Concession contract signed with SLOT - Sociedade de Lotarias e Apostas Mútuas Limitada, dated 21 February 1989, is extended to 5 June 2021.
Concession contract signed with Wing Hing Lottery Company Limited, dated 24 August 1990, is extended to 31 December 2021.
Executive Order No. 27/86/M of 1 February 1986, Law No 12/87/ M of 17 August 1987, Concession contract signed with SLOT - Sociedade de Lotarias e Apostas Mútuas Limitada dated 21 February 1989, as amended from time to time, currently extended to 5 June 2021.
The DICJ's main powers include supervising and monitoring the activities of gaming operators and gaming promoters. The Financial Services Bureau is vested with regulatory powers concerning the accounting of the gaming operator and the financial intelligence office is responsible for receiving and processing cash transactions and suspicious transactions reports. Judiciary Police has a special unit with exclusive powers to investigate gaming-related crimes committed in casinos or other gaming venues. Macao Gaming Commission is a consultative body presided over by the Macau Chief Executive. It is tasked with formulating policies and facilitating the development of Macaon's casino gaming and relevant regulatory framework.
overseeing, supervising and monitoring the activities of gaming operators and gaming promoters. Authorising, monitoring and supervizing the suitability and financial capacity of the gaming operator. Authorizing and certifying all gaming equipment and utensils used by gaming companies. Issuing licences and guidelines for gaming promoter. Investigating and sanctioning any administrative infraction by the operators.
In review: licensing and taxation of gambling activities in Macau. Casino gaming operators have to pay an annual premium, a special gaming tax and two special contributions. SJM is only bound to 1.4% of gross gaming revenue as a contribution for urban development, tourism promotion and social security. i.i.p.c.horse racing. In review In reviewing: Licensing and Taxation of Gambling activities in Macao.
The horse-racing operator is subject to pay an annual rent of 15 million patacas and a tax on the total annual amount of bets registered in the Totaliser.
In review: licensing and taxation of gambling activities in Macau. The difference between 2.5 billion and 3 billion patacas, 0. 5%, 3. to 3bn pataca, 1%, 4bn pacas and above 4.25bn is 2%.
Sports betting operator in Macau is subject to pay an annual rent of 6 million patacas.
The instant lotteries operator is subject to pay an annual rent of a minimum 1 million patacas. The Chinese lotters operator pays an yearly premium of 500,000 pataca. They also pay a 23% of the gross gaming revenue and an additional 5% for the Macao Foundation and 1% per cent for Montepio Oficial de Macau.
In review: licensing and taxation of gambling activities in Macau. Sales of 0 to 10 million patacas are rented. Sales up to 60 million pacas and above are taxed.
