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Macau Gaming Concessions Public Tender to Start This Month

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3 years ago

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The Government of Macau is putting shape to the bidding process for the city’s casino concessions. Authorities have begun studying the new rules and will publish the conditions for the retender for Macau gaming concessions this month, despite some delays due to the new outbreak of Covid-19 cases in the city.

Casino operators have extended their current gaming licences until December 31 due to the delays in opening the tender. They paid MOP47m ($6m) and provided a bank guarantee for MOP1.6bn to cover possible employee dismissals. Companies have already created teams to prepare the necessary documentation to participate in the public tender.

Once the government announces the new bidding process, casino operators will have one month to submit their applications, which will be evaluated by a special committee to verify that candidates meet the requirements of Macau’s new gaming law.

After that, the committee will meet with casino operators to jointly evaluate the proposals and analyse the details of each tender. The licence renewals should be announced in October or November. New contracts will be signed in December and will take effect on 1 January 2023.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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