Heading to a meeting with Beijing, Macau’s Chief Executive said the gaming industry would not be discussed.<\/p>\n\n\n\n\n\n\n\n
Macau.- Before departing for Beijing to meet central government, SAR Chief Executive Ho Iat Seng said gaming will not be on the agenda during talks.<\/p>\n\n\n\n
He said his government\u2019s priority is\u00a0to stabilise the city\u2019s economy, and refused to comment on the delay of the public retender process connected to the expiry of the six existing casino concessions in 2022. <\/p>\n\n\n\n
According to Ho, he will comment on the topic once local authorities have completed a comprehensive assessment of the city\u2019s gaming industry. <\/p>\n\n\n\n
Ho said: \u201cWe will not discuss matters related to the city\u2019s gaming industry. Our focus now is on cooperation regarding epidemic prevention and stabilising the economy.”<\/p>\n\n\n\n
Concerns over the delay come after the Macau government mentioned its intention to launch a public retender process for Macau gaming rights linked to the expiry of the existing six concessions in mid-2022.<\/p>\n\n\n\n
However, a review of the city\u2019s existing gaming law is required ahead of any public retender process.<\/p>\n\n\n\n
Macau\u2019s existing gaming law includes the option of extending current operators’ existing permits beyond June 2022 \u2013 up to a maximum of five years. The length of each eventual extension would be decided by an incumbent chief executive.<\/p>\n","protected":false},"excerpt":{"rendered":"
Heading to a meeting with Beijing, Macau’s Chief Executive said the gaming industry would not be discussed.<\/p>\n","protected":false},"author":2,"featured_media":8930,"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 Chief Executive, Ho Iat Seng, announced that discussions regarding the gaming industry, including the delayed public retender process for expiring casino concessions, would not occur during his Beijing meeting. The government's immediate priority is economic stabilization and epidemic prevention, with further comments on gaming law review and concession renewals deferred until a comprehensive assessment is complete.","focusai_entities":"Ho Iat Seng, Macau Government, Central Government","focusai_location":"Macau, Beijing","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Extension Likelihood?","query":"Given the Chief Executive's deferral of gaming discussions, what is the probability of a short-term extension for the existing Macau casino concessions beyond mid-2022, and what are the potential terms?"},{"label":"Regulatory Review Impact?","query":"How will the ongoing review of Macau's existing gaming law influence the structure and timeline of the eventual public retender process, and what specific amendments are anticipated?"}],"footnotes":""},"categories":[160,16338,156,158],"tags":[257,337],"class_list":["post-8927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-regulation-news","category-slider-home","tag-macau","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8927","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8927"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8927\/revisions"}],"predecessor-version":[{"id":8943,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8927\/revisions\/8943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}