{"id":12202,"date":"2020-11-29T16:05:05","date_gmt":"2020-11-29T16:05:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=12202"},"modified":"2026-04-23T23:41:15","modified_gmt":"2026-04-24T02:41:15","slug":"macau-to-push-ahead-with-2022-casinos-tender","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-to-push-ahead-with-2022-casinos-tender","title":{"rendered":"Macau to push ahead with 2022 casinos tender"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Authorities plan to publish specifications for bidders in 2021 and will recommend that operators extend non-gambling activities.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Authorities have confirmed that the public tender to renew casino licences will not be delayed due to the pandemic and that new legislation will be finished next in time for the tender in 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Secretary for economy and finance Lei Wai Nong said the government will publish the specifications for bidders next year. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some had called on the government to delay the process due to the impact the Covid-19 pandemic has had on operators&#8217; finances. In the first 10 months of 2020 casino revenue was down 81.4 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government has also said that it will encourage operators to \u201cextend non-gambling correlative activities\u201d in line with its long term goal of <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-operators-may-host-two-sports-events-per-year\" target=\"_blank\">diversifying Macau\u2019s economy<\/a><\/em><\/strong> through boosting sports activities and other large events.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The secretary told the Macau assembly: \u201cA single industry gives rise to a single source of employment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0\u201cFor this reason, we urgently need to foster the diversification of the economy in order to gradually overcome the problem of the predominance of a single industry.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He noted that 75 per cent of Macau\u2019s gross domestic product is generated from the gambling sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authorities plan to publish specifications for bidders in 2021 and will recommend that operators extend non-gambling activities.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 authorities confirm the casino license renewal tender will proceed in 2022, with specifications for bidders to be published in 2021, despite pandemic-induced revenue declines. The government will mandate operators to expand non-gambling activities to diversify the economy, which currently relies 75% on the gaming sector.","focusai_entities":"Lei Wai Nong, Macau assembly","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.99), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Diversification Mandate","query":"What specific non-gambling correlative activities will be prioritized by the Macau government in the upcoming tender specifications, and what are the projected capital expenditure requirements for operators to meet these diversification mandates?"},{"label":"License Renewal Impact","query":"How will the accelerated timeline for license renewal, amidst significant GGR contraction, influence the competitive landscape and potential M&A activities among incumbent and prospective operators in Macau?"}],"footnotes":""},"categories":[157,16338,158],"tags":[225,257],"class_list":["post-12202","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-legislation","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12202","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=12202"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12202\/revisions"}],"predecessor-version":[{"id":12205,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12202\/revisions\/12205"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}