Adriano Ho of the Gaming Inspection and Coordination Bureau (DICJ) has confirmed that the six operators have submitted proposals to extend their concessions for another six months.<\/p>\n\n\n\n\n\n\n\n
Macau.- It’s been confirmed that all six Macau casino operators have applied to extend their concessions pending a retender later in the year. The current licences are to expire in June, but last month\u00a0Lei Wai Nong<\/strong>, Macau\u2019s secretary for economy and finance, confirmed that licences would be extended until December 31<\/a>.<\/p>\n\n\n\n Sands China<\/a>\u00a0had already confirmed that Venetian Macau Ltd had applied for the extension, which entails a MOP47m (US$6m) fee and provision of a bank guarantee up to MOP1.6bn to cover possible employee dismissals. Now DICJ director\u00a0Adriano Marques Ho<\/a> has confirmed that all operators have applied for the extensions.<\/p>\n\n\n\n He said: \u201cWe received the requests and we are analysing. When the moment is right we will divulge the decision.”<\/p>\n\n\n\n Macau’s gaming law amendment bill, which is still in debate, would allow\u00a0up to six gaming concessions<\/a>\u00a0with a length of 10 years and the possibility of a 3-year extension. A\u00a0final reading of the gaming law amendment bill<\/a>\u00a0is expected by June. <\/p>\n\n\n\n Gaming industry sources told the Chinese-language newspaper Macau Daily that seven satellite casinos plan to suspend operations <\/strong>by mid-year. The casinos are said to have taken the decision due to the negative impact of repeated Covid-19 outbreaks, tighter visa requirements in the city and lack of cash flow.<\/p>\n\n\n\n There are currently 18 satellite casinos in Macau <\/strong>operating under licences attached to one of the six casino concessionaires but run by third parties on individually owned premises. Some 14 of those satellite casinos are operating under the licence of SJM Holdings Ltd, and the other four are tied to Galaxy Entertainment Group (GEG) and Melco Resorts and Entertainment Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":" Adriano Ho of the Gaming Inspection and Coordination Bureau (DICJ) has confirmed that the six operators have submitted proposals to extend their concessions for another six months.<\/p>\n","protected":false},"author":176,"featured_media":25557,"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 six casino concessionaires have applied for a six-month extension until December 31, 2022, as the Gaming Inspection and Coordination Bureau (DICJ) reviews their requests amidst ongoing debate on the gaming law amendment bill. Concurrently, seven satellite casinos are reportedly ceasing operations by mid-year, citing COVID-19 impacts, tighter visa policies, and cash flow challenges. This signals significant shifts in Macau's gaming landscape ahead of the new concession tender.","focusai_entities":"Adriano Ho, Gaming Inspection and Coordination Bureau (DICJ), Lei Wai Nong, Sands China, Venetian Macau Ltd, SJM Holdings Ltd, Galaxy Entertainment Group (GEG), Melco Resorts and Entertainment Ltd, Macau Daily","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.95), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Extension Impact","query":"What are the specific financial and operational implications for Macau's concessionaires during this six-month extension period, particularly regarding capital expenditure and market strategy ahead of the new tender?"},{"label":"Gaming Law Amendments","query":"How might the final provisions of Macau's gaming law amendment bill, expected by June, influence the competitive landscape and operational requirements for both existing and potential new concessionaires?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-28566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28566","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=28566"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28566\/revisions"}],"predecessor-version":[{"id":28576,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28566\/revisions\/28576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25557"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Seven satellite casinos will stop operating by mid-year<\/h2>\n\n\n\n