On June 23, the Macau government will sign a six-month extension for each of the six game concessionaire and subconcessioner-linked licenses, TDM Radio reported.
In March of this year, Secretary of Economy and Finance Lei Wai Nong first announced the government’s intention to extend the term of six concession and subcontractor contracts in Macau from June 26 to December 31, 2022. We will hold open bids to award game laws and concessions for new games.
In 2002, the Government of Macau officially authorized three casino concessions: Social de de Jogos de Macau (SJM), Galaxy Casino, SA (Galaxy), and Wynn Resorts (Macao) SA (Wynn). ..
That same year, gaming officials allowed the Galaxy to have a subcontractor relationship with Macau SA (Sands China) in Venice. As a result, SJM has signed subcontractor agreements with MGM Grand Paradise and SA (MGM China), and Wynn has signed subcontractor agreements with Melco PBL Jogos (Macau) and SA (Melco Resorts).
So far, it has been confirmed that Wynn Macau and Sands China have been required to pay 47 million MOP (US $ 6 million) for a six-month extension.
SJM Holdings and MGM China are required to pay 200 million MOP each when given a two-year extension to align the end of the concession with the 2022 deadline given to the other four operators. I did.
Members of the Legislative Standing Committee responsible for assessing general game law amendments are expected to sign the final draft tomorrow (Wednesday) after some last-minute changes, and the document will vote next. Will be sent to the plenary for the week.