distribution of dividends to shareholders subject to the Macau government’s prior authorisation.increase of the minimum share capital mandatorily held by individuals that are permanent residents of Macau and.increase of the minimum share capital of a concessionaire.review of the legal requisites and restrictions imposed on concessionaires, through the:.review of the maximum term of the concession contracts.review of the maximum number of gaming concessions to be granted and disallowance of the granting of sub-concessions.define the non-gaming and social responsibility obligations of the concessionaires.reinforce the supervision and regulatory oversight over concessionaires and gaming promoters and.define a clear path for the development of the gaming sector and for its intended scale.The first phase of the amendment process was initiated with the release of a consultation document that outlines the following proposed areas of review and the objectives of the amendment to Macau’s Gaming Law. More importantly, it will once again define the future of casino gaming in Macau and significantly impact the economic prosperity of the region for years to come. The upcoming amendment to the Macau Gaming Law, and to the overall regulatory framework of casino gaming, will shape the way future concession contracts will be structured. Against this background, the original casino concession contracts are set to expire in June 2022. At the same time, the political, social and economic circumstances that surrounded the initial approval of Macau’s Gaming Law have evolved, both at regional and national levels. Twenty years have passed since the law was enacted and the gaming industry in Macau has developed beyond all expectations. By doing so, it played a pivotal role in the prosperity of this Special Administrative Region of the People’s Republic of China throughout the past two decades. It also formed the legal basis for Macau to develop into the most successful gaming and entertainment destination in the world. Since its introduction on 24 September 2001, the Macau Gaming Law has set out the framework for awarding casino concession contracts in the post-monopoly era. On 14 September 2021, the Macau government officially started the process of reviewing and proposing amendments to Macau’s Gaming Law (Law 16/2001).