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The Legislative Assembly of Macao passed Law No. 16/2001, titled "Legal Framework for the Operations of Casino Games of Fortune," in August 2001. It outlined the operational requirements, the eligibility of major shareholders, casino management, and the gaming tax that had to be paid. After STDM's concession expired on December 31, 2001, the Macao SAR decided to award three gaming concessions in an effort to revitalise the gaming industry and lay a solid foundation for future growth. This decision reaffirms the Macao Special Administrative Region's stated policy direction of "tourism, gaming, conventions, and exhibitions as the "head," and the service industry as the "body," driving the overall development of other industries."
Mr. Edmund Ho Hau Wah, the new chief executive, announced his intention to enlist the help of an experienced international consulting firm in the gaming industry to conduct research on the outlook for the Macao gaming market on December 21, 1999, the day after the Macao Special Administrative Region was formally established. In July 2000, the "Macao Gaming Committee" was formed. The primary responsibility of the Committee was to conduct research on the legal, administrative, and policy aspects of gaming development. At that initial meeting, the Committee decided to hire Arthur Andersen Worldwide to conduct research on the growth of the gaming industry and provide expert advice to the government.
The tendering procedure was formally launched by the Committee on November 2 in accordance with Administrative Regulation 26/2001, and it was completed on December 7 in accordance with the same regulation. Over the course of the period, 21 bid proposals were received from bidders with capital in places such as Macao, Hong Kong, the United States, Malaysia, Australia, the United Kingdom, and Taiwan, among others. Three businesses were barred from proceeding to the final round of bidding because they lacked sufficient documentation. STDM's concession contract was extended for three months after the Macao SAR was unable to award the concession as planned on December 31, 2001.
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The Macao SAR announced the results of the bidding on February 8, 2002, and the concession was awarded to Sociedade de Jogos de Macau ("SJM"), a subsidiary of STDM, Galaxy Casino, S.A. ("Galaxy"), and Wynn Resorts (Macao) S.A. ("Wynn"). Concession contracts for the operation of casino games of chance were signed on March 28, April 24, and June 26, respectively. The Macao SAR amended the Galaxy's Concession Contract in December of the same year, allowing Galaxy to have a sub-concession relationship with the Venetians Macao S.A. ("Venetian"). Following the issuance of the first sub-concession, on April 20, 2005, and September 8, 2006, respectively, the SJM and Wynn signed sub-concession agreements with MGM Grand Paradise, S.A. ("MGM") and Melco PBL Jogos (Macau), S.A. ("Melco PBL"). Except for SJM, the other concessionaires and sub-concessionaires all needed time to construct their casinos and other related facilities when the concession winners were announced. They delayed starting their business after receiving the concessions as a result.
At the end of 2021, there were 42 casinos in Macao, 25 of which were on the Macao Peninsula and 17 on Taipa Island. The SJM has 23 casinos, followed by Galaxy with 6 casinos, Venetian with 5, Melco Crown (previously known as "Melco PBL") with 4, Wynn with 2, and MGM with 2. Additionally, on July 20, 2018, Macao (Yut Yuen) Canidrome Co. Ltd. declared an end to dog racing.
Prior to Macao's return to Chinese control in 1999, numerous discussions and studies on the viability of liberalizing the gaming industry were conducted from various perspectives. In reality, the Portuguese Macao Government had considered and planned to abolish the gaming industry's monopoly system. For example, the Legislative Assembly's Law No. 10/86/M of 1986 stated that "the number of concessions granted shall be limited to a maximum of three."
The Cotai Strip concessionaires' numerous projects will resume, ushering in a new era for Macao's tourism and gaming industries. The Macao government will put forth efforts to improve the quality and standard of gaming project development, strengthen gaming industry regulation, and express grave concern about the various social problems caused by gaming liberalization in order to promote healthy and sustainable growth in the gaming industry. The goal is to transform Macao into a regional tourism destination.
THE EARLY DEVELOPMENT OF THE GAMING INDUSTRY IN MACAO
STDM subsequently introduced pachinko in 1998. In the same year, just in time for the World Cup, the government granted the Macau SLOT Co. Ltd. permission to accept football wagers. However, STDM also purchased the Macau Jockey Club in 1990, eventually becoming Macao's largest gaming operator.
They are all cash only and accept HKD or Macau currency.
Wynn Palace is far classier than its sister property, Wynn Macau, which opened ten years earlier. The resort and casino’s design has a more lavish feel (bling and brighter lightning). After all, it cost more than USD 4.2 billion to construct. It has over 350 gaming tables, with a sizable portion reserved for VIPs. There are also more than 1,000 gaming machines where visitors can play various games, including live table games. Wynn Palace is also home to Macau’s largest spa, with a water therapy zone, sauna, and steam room.
Gross revenue from gaming and gambling in Macao 2013-2023
MGM Cotai, separate from its sister venue MGM Macau, has the city’s most extensive collection of contemporary artworks. So, if you love art, this is the place to be. Down to its exterior, which is meant to look like a jewellery box, MGM Macau truly has lavish decor. Take the time to admire more than 300 artworks and artsy architecture. When it comes to gaming, the casino is more intimate. It offers 170 gaming tables, 12 of which are for VIPs. While it does not have a baccarat on the main floor, we recommend heading to the high-stakes section. Or you can opt for one of the 1,500 slot machines. Other than that, MGM Cotai also has the world’s biggest indoor LED screen—the size of three tennis courts!
For more information on The Sands Macao, visit
You don’t have to go all the way to Paris to see the Eiffel Tower because you have a half-scale replica of it right here in Macau. From its architecture and decor to the reception (influenced by the Palace of Versailles), The Parisian Macao takes inspiration from the grandeur of France. It’s a complete stunner with glistening chandeliers, beautiful statues, amazing artwork, and even large, decorated carpets. The Parisian-themed resort has a 135,000-square-foot casino with 500 gaming tables ranging from baccarat to roulette. It also boasts more than 2,500 slot machines, including slots and video poker.
Cotai Expo Hall A, The Venetian Macao
The new casino concessionaire was founded in 1962 as Sociedade de Turismo e Diverse de Macao (S.T.D.M). The city's first casino, "Casino Estoril," opened the same year; however, the landmark Lisboa Hotel and Casino Lisboa did not open until 1970. STDM has dominated the video game industry for over 40 years. Since the company's inception in 1962, more than ten different game types have been approved for use in STDM casinos. Slot machines, Black Jack, Boule, Cussec, and other well-known games are all available.