Macau SLOT loses monopoly on instant lottery and sports betting
Macau government has refreshed Macau SLOT’s rights to run instant lotteries but on a non-exclusive basis.
According to a government dispatch, Macau government has refreshed Macau SLOT Company Limited‘s rights to run instant lotteries and betting on football and basketball matches, but on a non-exclusive basis.
Prior to that renewed legal status, Macau SLOT had long held a de facto monopoly on instant lotteries and sports betting, with the exception of betting on horse racing.
In the latter case, the concession is held by Macau Horse Racing Company Limited, which runs Macau Jockey Club.
Macau SLOT’s refreshed status as a concessionaire running instant lottery and sports betting runs from June 6, 2021 to June 5, 2024. Thereafter, rights can be renewable if agreed between the government and the company.
The gross revenue generated by instant lotteries and sports betting has, for years, occupied only a fraction of Macau’s overall gaming income.
In 2020, the gross revenue from instant lotteries and sports betting reached only MOP543 million, accounting for only 0.89% of Macau’s overall annual gross gaming revenue of around MOP61.05 billion, according to Gaming Inspection and Coordination Bureau.
Editing by Rachel Hu
