Bids for Macau gaming tender to be opened Sept 16

The committee overseeing Macau’s public tender for new 10-year gaming concessions will open the related bids at 10am on Friday (September 16), according to a government statement. It confirmed that a total of seven companies had submitted their respective bids by 5.45pm on Wednesday, a deadline specified in the tender criteria.

“Committee members, officials of the Public Prosecutions Office, and representatives of the companies submitting a bid, will attend the opening of the proposals,” said the statement.

Macau’s current six casino operators had by 3.30pm on Wednesday submitted their respective applications for the city’s public tender for new gaming rights.

GMM Ltd, a Macau-registered company linked to Malaysian gambling entrepreneur Lim Kok Thay, head of the Genting casino brand, also submitted a bid on Wednesday for a Macau gaming concession.

The new concession regime in Macau envisages up to six new concessions, each running for 10 years. The government has said it hopes to start the new concession term on January 1, 2023.

Source: https://www.ggrasia.com/bids-for-macau-gaming-tender-to-be-opened-sept-16/