Macau looks like it will likely be adding new players to its gambling industry. It’s Secretary for Economy and Finance, Lionel Leong Vai Tac, told local media the government is taking steps towards a fresh public tender process for new concessionaires, reports GGRAsia.
Although the current six concessions will expire in 2022, Leong said on May 11 that work is being done now to introduce new licenses as well. These won’t be blank checks for operators to just put up a casino and be done with it though, it has to match the new vision of Macau.
Leong inferred that applications would need to increase non-gaming elements present in their resorts, guarantee social safeguards for employees, and contribute to a more diversified economy.
He also talked about the extension of concessions for SJM Holdings and MGM China holdings. Those concessions were set to expire, but were extended to June 26, 2022, so that they would expire at the same time as the other four concessionaires in the city. He believes that adjustment would “benefit the preparation for the public tender,” adding that the added benefit of time would help the government prepare for new licenses in “an orderly manner and avoiding any negligence.