“The print and electronic media... The online and social media, including the online advertisement intermediaries and publishers, are advised not to display such advertisements in India or target such advertisements towards the Indian audience” Indian Ministry of Information and Broadcasting
The district in Tak is currently discussing plans to open an entertainment complex – which would include a casino – along the border with Myanmar, competing with a similar complex that opened in Myawaddy on Myanmar's side.
In his capacity as a member of a committee studying the feasibility of opening such a complex, former Democrat MP for Nakhon Si Thammarat Thepthai Senapong said Mae Sot’s infrastructure is perfect for the project, due to improvements in the district’s cargo transport and immigration checkpoints.
The district’s transport infrastructure has also improved, which includes a newly built four-lane road connecting the border with Muang district, as well as an upgrade in Mae Sot airport to receive international visitors.
Thepthai, however, noted that several outstanding issues still need to be addressed to continue with the project, primarily the fact that most of the land in the district is owned by the State. This means there is little incentive for investment as investors will not be able to own the land.
Moreover, most of the land is expensive, meaning the cost of the project will rise.
Macau: No cross-shareholdings between concessionaires and 5% shareholders
The latest amendment to Macau’s long-anticipated revision of its gaming laws only allows cross-shareholdings up to 5%, if an investor holds more than 5% in a concessionaire already.
The same would apply to concessionaires themselves, who may not directly hold the capital of other concessionaires, but may indirectly hold up to 5%.
Macau’s Legislative Assembly (AL) met once again to discuss this latest amendment, in a meeting held by the Chair of its Second Standing Committee, Chan Chak Mo.
Chan said: “[Macau] made the change in the hope of preventing collusion among the concessionaires to enhance their effectiveness.”
Chan and the AL are expected to complete an opinion letter on an update to the law following a meeting on 15 June 2022, with the new gaming laws expected to be passed by 26 June 2022.
Chan added: “After signing the opinion letter, the [AL] will come together five working days later to discuss and vote on this law.”
Missed a big gambling industry story in Asia? Don't worry, Gambling Insider has you covered with our Asia round-up.
