Macau gives operators six-month licence extension

Macau casino companies will see their licences extended through to 31 December 2022, buying more time for the city’s rebidding process

Macau cassino companies will regard their licences extended through and through to 31 Dec 2022, buying to a greater extent clip for the city’s rebidding process.

While speaking after a coming together of Macau’s Legislative Assembly, Economy and Finance Secretary Lei Wai Nong said the city’s hexad stream concessions and sub-concessions, which are go down to expire on 26 June, testament now follow valid for a farther six months.

This comes after Macau Legislator Chan Chak Mo, citing “special circumstances”, recommended an telephone extension inward February.

Currently, the gaming hub plays legion to half-dozen operators: Wynn Macau, Sands China, MGM China, SJM Holdings, Galaxy Entertainment and Melco Resorts.

However, next an amendment to the city’s play jurisprudence that is expected to liberty chit later this year, these sestet companies will hold to reapply for the redress to bear on operating inward Macau.

No exact appointment has been granted concerning when this rebidding process testament begin, though Lei said the authorities should be able-bodied to starting line piece of work on the appendage inward H2.

Under the proposed changes to Macau’s gambling law, the keep down of licences testament remain at six, but their length testament follow halved to 10 years. The greenback was welcomed by the city’s operators inward January, who showed their appreciation for the proposals.

Since 2020, Macau’s gaming manufacture has been strike firmly past on-going jaunt restrictions, as swell as a crackdown on junkets.

While the sector has started to show signs of recovery, including a 6% increase inward gross gaming revenue (GGR) for February, Macau’s boilersuit standing is a far outcry from its pre-pandemic status.

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