2022-2024 reforms corrected Macau’s casino industry imbalance
ab25 The new regulatory framework overhaul that was implemented through reforms in 2022 and 2024 led to “major corrections” in the Macau casino industry rather than routine updates, aimed at fixing what had become a dangerously unbalanced system after two decades of breakneck expansion, gaming law expert Jorge Godinho argues in a recent study. “There were too many gaming promoters and VIP rooms, too much credit for gaming, and too much money moving out of China,” Godinho writes in his study , The Macau SAR Regulation of Casino Gaming: Structural Features After the Reforms of 2022–2024 . Jorge Godinho, Gaming Law Expert “Numerous casinos were built, but not that many non-gaming services were developed.” The reforms come after years of unsustainable growth, followed by sharp decline during the COVID-19 pandemic. The gaming industry peaked in 2013/14 but entered what Godinho describes as “a bumpy ride that became a freefall.” Macau’s reliance on high-rolling V...