{"id":777001020,"date":"2022-12-14T08:31:09","date_gmt":"2022-12-14T11:31:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777001020"},"modified":"2026-04-23T02:04:23","modified_gmt":"2026-04-23T05:04:23","slug":"macau-casino-operators-to-sign-new-concession-contracts-on-friday","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-operators-to-sign-new-concession-contracts-on-friday","title":{"rendered":"Macau casino operators to sign new concession contracts on Friday"},"content":{"rendered":"\n

The government will sign ten-year contracts with the six gaming concessionaires.<\/p>\n\n\n\n\n\n\n\n

Macau.- The government of Macau will sign new ten-year contracts with each of the six gaming concessionaires on Friday afternoon. The new concessions, which were provisionally granted to the six current operators on November 26<\/a>, will begin on January 1, 2023.<\/p>\n\n\n\n

The casino licensees will remain the same as at present: MGM China Holdings Ltd, Galaxy Entertainment Group Ltd, Sands China Ltd, Melco Resorts and Entertainment Ltd, Wynn Macau Ltd and SJM Holdings Ltd.<\/p>\n\n\n\n

Andre Cheong Weng Chun<\/strong>, chairman of the tender committee and Secretary of Administration and Justice, said that in the tender competition, MGM China\u2019s proposal received the highest score<\/strong>. Galaxy Entertainment\u2019s proposal came second, followed by Sands China, Melco Resorts and Wynn Macau. SJM Holdings\u2019 proposal received the lowest score.<\/p>\n\n\n\n

The one outsider, GMM Limited<\/strong>, linked to Genting chairman Lim Kok Thay, failed to secure a gaming concession. <\/p>\n\n\n\n

Macau\u2019s casino operators might have to spend between HKD10bn (US$1.27bn) and HKD20bn (US$2.54bn) on non-gaming activities<\/strong> over the next 10 years in exchange for gaming rights. Casino operators will be allowed to build gaming zones exclusive to foreign gamblers. The move will allow them to gain an exemption on a 5 per cent levy<\/a> on gross gaming revenue from these areas.<\/p>\n\n\n\n

See also: <\/strong>Vote on Macau junket bill to take place on December 15<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The government will sign ten-year contracts with the six gaming concessionaires.<\/p>\n","protected":false},"author":176,"featured_media":25621,"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 government is formalizing new ten-year gaming concessions with the six incumbent operators, effective January 1, 2023. These agreements mandate significant non-gaming investment and introduce provisions for foreign-gambler-exclusive gaming zones, offering a 5% GGR levy exemption. MGM China secured the highest tender score, while GMM Limited failed to obtain a concession.","focusai_entities":"MGM China Holdings Ltd, Galaxy Entertainment Group Ltd, Sands China Ltd, Melco Resorts and Entertainment Ltd, Wynn Macau Ltd, SJM Holdings Ltd, Andre Cheong Weng Chun, GMM Limited, Genting, Lim Kok Thay","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming Investment ROI","query":"What are the projected returns on investment (ROI) for the mandated HKD10bn-20bn non-gaming capital expenditures, and how will these be integrated into the concessionaires' long-term financial models?"},{"label":"Foreign Gambler Strategy","query":"How will the concessionaires differentiate their strategies to attract and retain foreign gamblers within the new exclusive gaming zones, and what specific marketing and operational adjustments are anticipated to leverage the 5% GGR levy exemption?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777001020","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\/777001020","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=777001020"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001020\/revisions"}],"predecessor-version":[{"id":777001055,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001020\/revisions\/777001055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25621"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}