Macau Forms Committee to Evaluate License Bidders

Macau will evaluate the bidders for the region’s new casino licenses. To that end, the special administrative region’s government unveiled a new committee. The latter will take a close look into the applicants.

Macau to Soon Re-Tender Its Casino Licenses
Macau recently allowed its current concessionaires to remain operational for six more months. The government plans to use that time to examine new applicants. The region has to decide on the next casino license holders by the end of the year.

In addition, the extended period allowed Macau to revise its gaming laws ahead of issuing new licenses. The region recently introduced the amendments and will now focus on reissuing its six casino licenses.

Currently, the six concessionaires allowed to operate in Macau are Galaxy Entertainment, MGM China, Melco Resorts, Sands China, SJM Holdings and Wynn Macau. The current concessionaires are may try to keep their position but will have to submit an application by the end of August. This applies to their challengers as well.

Source: https://www.gamblingnews.com/news/macau-forms-committee-to-evaluate-license-bidders/