{"id":777001276,"date":"2023-01-03T12:44:47","date_gmt":"2023-01-03T15:44:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777001276"},"modified":"2026-04-23T01:48:52","modified_gmt":"2026-04-23T04:48:52","slug":"macau-gambling-concessionaires-to-pay-new-casino-floor-fee","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gambling-concessionaires-to-pay-new-casino-floor-fee","title":{"rendered":"Macau gambling concessionaires to pay new casino floor fee"},"content":{"rendered":"\n

Macau’s six concessionaires have announced the annual fee to rent back casino areas as new 10-year gaming concessions become effective.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau’s six concessionaires have reported that they will each pay the Macau government a base sum of MOP750 (US$92) per square meter of gaming space for the first three years of their new 10-year concession contracts<\/a>. Payment will rise to MOP2.500 (US$310) per square meter for the remaining seven as they effectively rent back the casinos as their respective integrated resorts.<\/p>\n\n\n\n

In the second and third base years, and fifth to tenth years, the base payment will be raised in accordance with the Macau average price index. <\/p>\n\n\n\n

The new concessions began on January 1. The casino licensees remain: 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

\u201cThe utilization fee comes after the casino areas of the concessionaires\u2019 properties were reverted back to the Macau SAR Government upon expiration of their previous 20-year concessions on 31 December 2022,\u201d SJM Resorts<\/strong> explained at a press conference on Friday.<\/p>\n\n\n\n

\u201cOur annual utilization fee, which accounts for the use of casino areas at Casino Grand Lisboa, Casino Grand Lisboa Palace, Casino Lisboa and Casino Oceanus at Jai-Alai, will amount to MOP69m (US$8.6m) in year one (2023), rising to MOP229.3m (US$28.7m) in year four (2026).<\/p>\n\n\n\n

Melco Resorts and Entertainment<\/a>\u2019s chairman and CEO Lawrence Ho<\/strong> said in a press release: \u201cWe had reverted and agreed to rent back casino areas totalling 31,227.3 square meters at City of Dreams Macau, 28,784.3 square meters at Studio City and 17,128.8 square meters at Altira, implying an annual fee of MOP57.9m (US$7.2m) for the first year of its new concession, rising to MOP192.9m (US$24.1m from the fourth year.<\/p>\n\n\n\n

Ho added: \u201cThe company is grateful for the Central government\u2019s leadership and guidance in supporting Macau\u2019s continued integration with mainland China. We pledge our full support to the sustainable and diversified development of the tourism and leisure industry in Macau and will continue to work with the government, the community and stakeholders to benefit and contribute to the city\u2019s development as a key global tourism destination.\u201d<\/p>\n\n\n\n

See also:<\/strong> Macau gaming revenue down 51% in 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Macau’s six concessionaires have announced the annual fee to rent back casino areas as new 10-year gaming concessions become effective.<\/p>\n","protected":false},"author":226,"featured_media":26764,"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 gaming concessionaires have announced the annual utilization fees for casino areas under their new 10-year concessions, effective January 1. The fee structure involves an initial MOP750\/sqm for three years, escalating to MOP2,500\/sqm for the subsequent seven, with further adjustments based on Macau's average price index. This arrangement formalizes the \"rent back\" of casino spaces previously reverted to the Macau SAR Government.","focusai_entities":"MGM China Holdings Ltd, Galaxy Entertainment Group Ltd, Sands China Ltd, Melco Resorts and Entertainment Ltd, Wynn Macau Ltd, SJM Holdings Ltd, SJM Resorts, Lawrence Ho","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on NGR Margins?","query":"How will the new utilization fee structure and its escalation impact the concessionaires' net gaming revenue (NGR) margins and their competitive strategies for market share within the Macau gaming vertical?"},{"label":"Capital Allocation Shift?","query":"Given the increased operational costs from these utilization fees, how might concessionaires adjust their capital expenditure plans for non-gaming diversification initiatives mandated by the new governance frameworks?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777001276","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\/777001276","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777001276"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001276\/revisions"}],"predecessor-version":[{"id":777001301,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001276\/revisions\/777001301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}