Macau officially extends gaming licences by six months

Macau’s government has officially extended the special administrative region’s six gaming licences until 31 December 2022.

This extension was first announced in March.

The six licences – for three concessionaires and three subconcessionaires – were set to expire at the end of this week (26 June).

The concessionaires are SJM, Wynn and Galaxy Entertainment, while the three subconcessionaires are Sands China, Melco and MGM China.

Each of the operators must pay up to MOP47m (£4.7m/€5.5m/$5.8m) to Macau’s government upon signing the extension agreement.

Following the passing of an amended version of Macau’s Gambling Act, the region’s Legislative Assembly has scrapped subconsessions. Instead, the number of concessions have doubled to six, meaning that the amount of licensed operators will remain the same.