Macau Opens Bidding Process for Gambling Licenses
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Macau Opens Bidding Process for Gambling Licenses

Island territory's six gambling operators must also submit their bids

by - Thursday, July 28th, 2022 10:09
Baccarat table in Macau Casino

Macau’s government has announced that international gambling operators can now submit bids for new licenses from July 29th to September 14th.
Macau’s existing casinos have no guarantee that their licenses will be renewed

Macau Opens Bidding Process for Gambling Licenses Macau Opens Bidding Process for Gambling Licenses for 12 days straight. While the casinos are now reopened for business, tourism numbers have plummeted while the local market is restarting extremely slowly. Analysts have stated that casinos can expect to have little to no income for the next few months.

Macau Opens Bidding Process for Gambling Licenses Macau Opens Bidding Process for Gambling Licenses

A special committee vet bidders with decisions on all licenses expected in the fourth quarter of 2022. Any existing companies that fail to renew their license must exit the market by the end of the year with no exceptions.

A note from Morgan Stanley released prior to the recent round of closures stated that casino operator debt in Macau has risen from US$5 billion (€4.6 billion) in 2019 to US$20 billion (€18.6 billion) in 2021 and could reach US$27 billion (€25.2 billion) by the end of 2023.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.