{"id":10549,"date":"2020-10-01T21:10:04","date_gmt":"2020-10-01T21:10:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=10549"},"modified":"2026-04-24T01:21:02","modified_gmt":"2026-04-24T04:21:02","slug":"covid-19-wont-delay-macaus-2022-gaming-tender","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/covid-19-wont-delay-macaus-2022-gaming-tender","title":{"rendered":"Covid-19 won\u2019t delay Macau&#8217;s 2022 gaming tender"},"content":{"rendered":"\n<p>The Secretary for Economy and Finance has confirmed the process will go ahead on schedule.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0The Secretary for Economy and Finance, Lei Wai Nong, said on Thursday that Macau has no plans to delay its public tender for gaming concessions in 2022.\u00a0<\/p>\n\n\n\n<p>The six current concessions and sub-concessions held by MGM China, Sands China, Wynn Macau, SJM Holdings, Melco Resorts and Galaxy Entertainment Group are all set to expire in 2022. Some expected the process to be delayed owing to the disruption and huge losses casinos have seen this year. <\/p>\n\n\n\n<p>Speaking to MNA during an event to celebrate the 71st anniversary of the founding of the People\u2019s Republic of China, Secretary Lei confirmed that the tender will go ahead in 2022, and also that Macau&#8217;s revised gaming law will be submitted to the Legislative Assembly next year.\u00a0\u00a0<\/p>\n\n\n\n<p>He said: \u201cWe are already in the preparation stage and we have to consider many technical issues. The circumstances during the gaming market liberalisation in 2002 and now are very different.\u201d&nbsp;<\/p>\n\n\n\n<p>Some <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/could-us-china-tensions-play-against-casinos\" target=\"_blank\">analysts believe<\/a><\/em><\/strong> the loss in tax revenues due to the pandemic this year may lead Macau to increase licence fees for the 2022 tender.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Secretary for Economy and Finance has confirmed the process will go ahead on schedule.<\/p>\n","protected":false},"author":2,"featured_media":10551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Secretary for Economy and Finance, Lei Wai Nong, confirmed the 2022 public tender for gaming concessions will proceed as scheduled, despite significant market disruption and revenue losses. The revised gaming law is also slated for submission to the Legislative Assembly next year, indicating a pivotal regulatory and operational shift for the region's six incumbent concessionaires.","focusai_entities":"Lei Wai Nong, MGM China, Sands China, Wynn Macau, SJM Holdings, Melco Resorts, Galaxy Entertainment Group, People's Republic of China, Legislative Assembly","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Tender process changes?","query":"What specific changes are anticipated in the 2022 gaming concession tender process compared to the 2002 liberalization, particularly concerning concessionaire obligations and investment criteria?"},{"label":"Gaming law revisions?","query":"How might the revised gaming law, slated for submission next year, impact the operational scope, regulatory compliance, and financial obligations of Macau's concessionaires?"}],"footnotes":""},"categories":[28,161,16338,158],"tags":[12436,257],"class_list":["post-10549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-daily-news","category-east-asia-news","category-slider-home","tag-casinos","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10549"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10549\/revisions"}],"predecessor-version":[{"id":10557,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10549\/revisions\/10557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10551"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}