Inside Asian Gaming

IAG JAN 2022年1月 亞博匯 89 焦點關注 It ensures some concessionaire profits are used for social needs or for the expansion of activities in Macau It prevents concessionaires making payments which weaken their solvency • • • • 可確保承批公司在澳門投資發展的資 金更具穩定性及可持續性，令博企將 資源集中在澳門業務規劃上 可防止上市公司不適當地支付股息而 削弱企業的償還能力。 Views generally in agreement were summarized in the Final Report as follows: 報告中的表示認同的意見總結如下： It violates principles of the free market Profit distribution is purely a normal business decision, and concessionaires should be given relative autonomy in determining dividends The SAR government should do a good job of supervision rather than directly intervene in concessionaires’ commercial decisions Under the capitalist system, the proposal is contrary to the protection of private property It runs counter to the legal system of the Macau SAR It increases uncertainty in concessionaire operations It will seriously affect investor confidence It interferes with the industry business cycle It may affect concessionaire investment and ability to reinvest In the face of Macau’s already high gaming tax system, it may affect concessionaire enthusiasm for participating in social affairs It will weaken the financial resources of concessionaires Dividends should not be restricted if concessionaires maintain financial stability • • • • • • • • • • • • • • • • • • • • • • • • 違反自由市場的原則 利潤分配純屬博企的正常商業決定， 應給予相對自主權 特區政府應做好監管工作而非直接干 預承批公司的商業決定 在資本主義制度下，此措施與保護私 有財產背道而馳 有違澳門特區的法律體制 增加了呈批公司營運的不確定性 嚴重影響投資者信心 干擾行業的商業周期 可能影響承批公司的投資意欲、也抑 制了再投資的能力 澳門博彩業在高稅制下經營，或影響 承批公司參與社會事務的積極性 削弱承批公司的財力 只要確保承批公司維持穩健的財務狀 況， 則不應限制利潤分配 Views generally in disagreement were summarized in the Final Report as follows: 報告中表示不認同的意見總結如下：