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Discussion Of The Improvement And Insufficient Gambling Laws Of Macau SAR

Posted on:2010-05-17Degree:MasterType:Thesis
Country:ChinaCandidate:Z Q ChenFull Text:PDF
GTID:2166360275455626Subject:Economic Law
Abstract/Summary:PDF Full Text Request
Macao's gambling industry has existed for over 200 years and has historically been the leading industry occupying the pivotal status in Macao's economic society.Financially,it has certainly brought considerable economic gain,while at the same time;there is a series of negative influence to the population.In view of creating standardized development and positive adjustments to the entire profession,the Macao - Portuguese government has formulated the first gaming law in 1961. After 1999,Macao returned to China,and the Macao SAR government started to face the problem of how to lead the economy with moderate multiplication as well as maintaining social development with prosperity and stability.Central government also intends to use the development of gambling businesses as a tool to realize the concept of "one country two systems" following its success in building up a prosperous and stabilized society.In view of the monopolization of the gaming industry for over 40 years,together with the lack of training and development for local legal talents during the colonization period,Macau is facing a lot of challenges in stipulating new gaming regulations.The development of new gaming laws lags far behind the sharp growth of the gaming market following its liberalization.The authority of the Government has started to be challenged and such problems augment by the day.It started from the three gaming licenses splitting into six,the refusal of Sands Casino to pay out a minor's jackpot winnings,to the insufficient facilities of the casinos, their financial crisis,withdrawal of capital and suspension of construction as well as the casinos' intrusion to the community.All these pose problems to society and they are all results of the incomplete gaming regulations in force.The first part of this article deals with an analysis of the problems arising from the implementation of the new gaming regulations.Such problems have been caused by the loopholes of the gaming regulations and the inadequate execution of control.The second part is dedicated to the study of the legislative experience of Neveda and New Jersey,the USA.Research has been done on the characteristics of their regulations.Areas that might be adopted by Macau have been identified and in-depth analysis has been conducted on their unique "regulation of Gaming enterprise district" in the hope of making constructive suggestions to the inadequacies of the Macau SAR legislation.The third part explores proposals on the improvements of the Macau SAR legislation and the significance of establishing Gaming Control Commission and Gaming Advisory Commission.
Keywords/Search Tags:Macao SAR, Gaming Law, Gambling, Insufficient, Improvements, Supervision
PDF Full Text Request
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