The Macau Government has announced that the six incumbent gaming license holders will continue as the island territory’s only casino operators.
The announcement means that Genting — which the government encouraged to apply — has failed in its bid for a casino license despite a 40% stake in a hotel resort development in Macau.
The six gambling operators approved by the authorities are:
- MGM Grand Paradise
- Galaxy Casino
- Venetian Macau
- Melco Resorts
- Wynn Resorts
- SJM Resorts
The authorities will now work closely with each operator to ensure that it meets the terms and conditions of the new licenses before a contract is signed by December 31st, 2022.
Macau Announces Winning Bidders for Gambling Concession Licenses Macau Announces Winning Bidders for Gambling Concession Licenses Macau Announces Winning Bidders for Gambling Concession Licenses Macau Announces Winning Bidders for Gambling Concession LicensesAccording to Macau’s Chief Executive, the licenses were awarded to the six incumbent operators ‘due to having presented the most advantageous proposals for the Macau Special Administrative Region’.
The government also noted that Genting’s bid failed due to the company’s lack of experience in the Macau market.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.