Macau Set to Finalize Casino Concessions Ahead of Expiry

Macau authorities are looking to open the bidding process for new casino licenses prior to the expiration of the current gambling permits, suggested notes from JP Morgan Securities (Asia Pacific), Morgan Stanley, and Sanford C. Bernstein.

JP Morgan Securities
On Thursday, the government of the Special Administrative Region (SAR) of China released its summary report on the public consultation it had opened related to the proposed changes to the regulatory environment.

The consultation period that concluded in October provided the government with six months to produce a report on the consultation findings, but the report was published well ahead of the pre-defined timeline, suggesting authorities might be in a position to speed up the public tender process.

Speeding up the process is a sign of the government’s strong desire to conduct the license re-tendering before the expiry, according to analysts at the investment bank. Based on the current speed of events, JP Morgan stated that the license re-tendering process in the form of public bidding could start anytime within the first six months of 2022 and that even new license issuing could take place
before the current licenses expire in June 2022.

Source: https://www.gamblingnews.com/news/macau-set-to-finalize-casino-concessions-ahead-of-expiry/