Inside Asian Gaming

IAG FEB 2022年2月 亞博匯 29 封面故事 擱置，該提案要求博企在向其股東（通 常是經營整個綜合度假村的大型上市實 體）宣佈及派發股息之前，須預先獲得 特區政府的許可。 值得注意的是，根據政府於12月23 日發佈的《<娛樂場幸運博彩經營法律制 度>公開諮詢總結報告》（「公開諮詢總 結報告」）中，總結的於公眾諮詢期間 收到的反饋，有關「利潤分配」是唯一 一項「不認同」意見數量壓倒「認同」 意見數量的提案，約61%的公眾意見表 示反對。反對者給出的理由是，該規定 「違反自由市場的原則，並且可能影響 承批公司的投資信心」。 最後，法律草案並未具體提及利潤 分配，僅有一處類似的簡短條款規定： or approved casino management company is required to have a Managing Director, who must possess a Macau permanent ID card. This Managing Director mustholdat least10%of theshare capital of the concessionaire. As it stands, that holding need not be one of economic interest or voting control and can be held for the benefit of a parent company or other entity overseeing each concessionaire. Investors have expressed concern over the government’s intentions in relation to this holding, apparently wary that the nature of the holding may change to be compulsorily one of economic and/or voting interest. This would potentially give rise to triggering “change of control” covenants with banks and/or other lenders, causing difficulties around the financing of Macau’s concessionaires, not to mention potentially significant changes to shareholder capital structures. But Lio was adamant when addressing such concerns in October that, “This 10% is already regulated in the