{"id":23941,"date":"2021-10-27T07:06:46","date_gmt":"2021-10-27T10:06:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23941"},"modified":"2026-04-23T14:25:28","modified_gmt":"2026-04-23T17:25:28","slug":"analysts-expect-macaus-gaming-concessions-to-be-extended","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analysts-expect-macaus-gaming-concessions-to-be-extended","title":{"rendered":"Analysts expect Macau’s gaming concessions to be extended"},"content":{"rendered":"\n

Analysts at JP Morgan expect Macau’s gaming concessions will be renewed or extended beyond June 26, 2022, by six to twelve months.<\/p>\n\n\n\n\n\n\n\n

Macau.- JP Morgan has analysed the Macau panorama after authorities held the last\u00a0public consultation sessions<\/a>\u00a0on gaming law, and it believes authorities will extend the current casino concessions by six to twelve months.<\/p>\n\n\n\n

Analysts say\u00a0there would be no time to prepare for a re-tendering in time\u00a0<\/strong>for when licences expire next year due to the tight schedule to submit the draft revised gaming law and complete public bidding for the next concessionaires.<\/p>\n\n\n\n

They said: “While it\u2019s not impossible to finish all this before the expiry, in June 2022, we do think it\u2019s a very tight schedule and we wouldn\u2019t be surprised if the government extends the current term by 6-12 months.”<\/p>\n\n\n\n

The last public consultation session was attended by members of the public, association members, researchers and legal experts who raised questions on proposed requirements for operators to invest in non-gaming elements.<\/p>\n\n\n\n

Those who attended the meeting expressed concerns about the number and duration of future gaming concessions<\/strong> and proposed controls on dividend distribution.<\/p>\n\n\n\n

Questions about a possible\u00a0end to the current sub-concession system<\/a>\u00a0that led to the creation of three additional Macau casino licences also arose.<\/p>\n\n\n\n

Lei Wai Nong, Macau\u2019s Secretary for Economy and Finance<\/strong>, said: \u201cWe don\u2019t want to encourage any more sub-concession arrangements, because we want to ensure stability in our gaming concession system\u2026they\u2026 should not expand endlessly.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at JP Morgan expect Macau’s gaming concessions will be renewed or extended beyond June 26, 2022, by six to twelve months.<\/p>\n","protected":false},"author":176,"featured_media":22402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan analysts anticipate a 6-12 month extension for Macau's gaming concessions beyond June 26, 2022, citing insufficient time for re-tendering under the revised gaming law. Public consultations revealed concerns among stakeholders regarding non-gaming investment requirements, concession duration, dividend controls, and the potential discontinuation of the sub-concession system.","focusai_entities":"JP Morgan, Lei Wai Nong","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":"Non-Gaming Investment Details?","query":"What specific non-gaming investment criteria are being considered by Macau authorities, and how will these be quantified and enforced for concessionaires?"},{"label":"Dividend Control Impact?","query":"How would the proposed controls on dividend distribution impact the capital structure, shareholder returns, and reinvestment strategies of current Macau gaming concessionaires?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-23941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23941","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=23941"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23941\/revisions"}],"predecessor-version":[{"id":23950,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23941\/revisions\/23950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}