{"id":31054,"date":"2022-06-23T02:06:19","date_gmt":"2022-06-23T05:06:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31054"},"modified":"2026-04-23T07:32:29","modified_gmt":"2026-04-23T10:32:29","slug":"macau-casino-operators-to-renew-licences-by-year-end-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-operators-to-renew-licences-by-year-end-analysts-say","title":{"rendered":"Macau casino operators to renew licences by year-end, analysts say"},"content":{"rendered":"\n<p>New legislation has come into force today, and Moody\u2019s Investors Service Inc believes casinos will receive new direct licences by the end of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- With\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-gaming-law-amendment-bill-approved\" target=\"_blank\">Macau&#8217;s new gaming law<\/a>\u00a0entering force today (June 23), discussion is turning to the city&#8217;s anticipated casino licence retender. Moody&#8217;s Investors Service Inc believes the current concessionaires will all have new licences by the end of the year. <\/p>\n\n\n\n<p>The current licences were to expire on June 26, but the government will sign off on\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casino-contract-extensions-to-be-signed-on-june-23\" target=\"_blank\">six-month extensions<\/a> today. That means new licences would need to be in place by the end of December. The new legislation allows up to six gaming concessions with a length of 10 years.<\/p>\n\n\n\n<p>Analysts stated: \u201cFailure to renew any existing concessions will pose a substantial risk to Macau\u2019s government finances because of the significant amount of taxes and employment the industry generates.\u201d<\/p>\n\n\n\n<p>Moody&#8217;s analysts said they did not expect any significant changes on the industry. Analysts also referred to the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/concern-grows-as-covid-19-cases-in-macau-rise-to-49\" target=\"_blank\">new outbreak of Covid-19 cases in the city<\/a>\u00a0and said that the situation &#8220;again highlights the risks of a slow and uneven recovery in gross gaming revenue (GGR), which is credit negative to all operators in the gaming sector in Macau.&#8221;<\/p>\n\n\n\n<p>According to Moody&#8217;s,&nbsp;<strong>Macau GGR will only reach 40 per cent of pre-pandemic levels in 2022<\/strong>&nbsp;and 80 per cent in 2023. Analysts expect a full recovery by 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New legislation has come into force today, and Moody\u2019s Investors Service Inc believes casinos will receive new direct licences by the end of the year.<\/p>\n","protected":false},"author":176,"featured_media":26451,"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 new gaming law is now in effect, initiating the anticipated casino licence retender process. Moody's Investors Service Inc. projects that all current concessionaires will secure new 10-year licences by year-end, following a six-month extension of existing permits. The report highlights potential risks to government finances if renewals fail and notes that ongoing Covid-19 outbreaks continue to impede GGR recovery, projecting a full return to pre-pandemic levels only by 2024.","focusai_entities":"Moody's Investors Service Inc.","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 (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Renewal Impact","query":"What specific changes in the new gaming law's concession terms could alter the operational cost structure or revenue share for incumbent Macau operators?"},{"label":"GGR Recovery Drivers","query":"Beyond Covid-19 containment, what specific policy or market catalysts are anticipated to accelerate Macau's GGR recovery to pre-pandemic levels by 2024?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-31054","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\/31054","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=31054"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31054\/revisions"}],"predecessor-version":[{"id":31104,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31054\/revisions\/31104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26451"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}