Contrary to reports, the government of Macau has yet to decide on how the renewal process for concession licenses in the gambling hub will be handled, according to market research firm Union Gaming Securities Asia.

A Chinese-language media outlet recently reported that Macau’s gaming concessionaires may have to rebid for their licenses, potentially as some sort of public tender. The report was based on a short statement made by DICJ chief Paulo Martins Chan, who told reporters at the Global Gaming Expo (G2E) Asia conference that the government will announce details on the possible refreshment “in the proper time.” Chan’s brief statement did not include a timeline or any details on the process.

Things are fine

Union Gaming analyst Grant Govertsen downplayed the report, stressing that there is no upcoming public tender process for Macau gaming license holders—aka the Big 6 operators—as the government “has yet to come to any conclusions on how to best go about renewals at this point.”