{"id":17990,"date":"2021-05-18T15:55:19","date_gmt":"2021-05-18T15:55:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17990"},"modified":"2026-04-23T19:27:37","modified_gmt":"2026-04-23T22:27:37","slug":"sjm-ceo-macau-should-consider-extending-gaming-licences","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-ceo-macau-should-consider-extending-gaming-licences","title":{"rendered":"SJM CEO: Macau should consider extending gaming licences"},"content":{"rendered":"\n<p>The CEO of Macau operator SJM Holdings has suggested Macau should extend the existing six gaming concessions for at least one year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Ambrose So Shu Fai, CEO of SJM has said he believes <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legislators-ask-for-an-evaluation-of-gaming-licensees\">Macau<\/a>\u00a0should extend its six current gaming concessions for an extra year.<\/p>\n\n\n\n<p>According to Shu Fai, the move would give Macau&#8217;s gaming operators time to recover from the Covid-19 pandemic and the city time to better decide what <strong>changes to make to licence criteria<\/strong>.<\/p>\n\n\n\n<p>He noted that Macau&#8217;s current travel restrictions would make it <strong>impossible for foreign passport holders to visit the city for the retendering process<\/strong>.<\/p>\n\n\n\n<p>Macau\u2019s current casino licences will&nbsp;<strong>expire in June 2022<\/strong>&nbsp;but could be extended for up to five years under the city\u2019s gaming laws.<\/p>\n\n\n\n<p>There are\u00a0<strong>different opinions regarding possible changes to the licence criteria<\/strong>. Some have suggested\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-to-reconsider-citys-gaming-licence-criteria\">Macau<\/a>\u00a0should include requirements to promote the diversification of Macau&#8217;s economy to avoid it being so highly dependant on tourism and the casino industry.<\/p>\n\n\n\n<p>Other have said <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/report-suggests-macau-consider-online-gambling-to-recover-from-covid-19\">Macau<\/a>\u00a0should allow casinos to turn to online gambling and technology to recover.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of Macau operator SJM Holdings has suggested Macau should extend the existing six gaming concessions for at least one year.<\/p>\n","protected":false},"author":176,"featured_media":17520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings' CEO, Ambrose So Shu Fai, advocates for a one-year extension of Macau's six gaming concessions beyond their June 2022 expiry. This proposed extension aims to provide operators recovery time post-Covid-19 and allow the SAR government to refine new licensing criteria, especially given current travel restrictions hindering a fair retendering process. Discussions around new criteria include economic diversification and the potential integration of online gambling.","focusai_entities":"SJM Holdings, Ambrose So Shu Fai","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 (0.9)","focusai_suggestions":[{"label":"Concession Extension Rationale","query":"Beyond COVID-19 recovery, what specific governance frameworks or economic diversification objectives might the Macau SAR government seek to integrate into revised concession criteria during an extended deliberation period?"},{"label":"Online Gambling Feasibility","query":"Given Macau's historical land-based focus, what are the regulatory, technological, and market-entry complexities associated with potentially integrating online gambling into future concessionaire mandates?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,23108],"class_list":["post-17990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17990","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17990"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17990\/revisions"}],"predecessor-version":[{"id":18027,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17990\/revisions\/18027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17520"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}