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Macau government expected to name provisional list of successful concession tenders on Saturday

Pierce Chan by Pierce Chan
Fri 25 Nov 2022 at 18:04
Government completes tender opening process, all seven companies tender documents confirmed valid
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The Macau government will hold press conference at 11am on Saturday to provide an update on the public tender for new 10-year gaming concessions. It is expected that the government will announce the provisional list of the six successful concessionaires.

Macau’s public tender was opened on 16 September with TDM Portuguese Radio reporting earlier this week that the tender committee had completed all meetings with the seven tenderers and had reviewed their final proposals.

The seven bidding companies include the six current concessionaires – Wynn Resorts (Macau) S. A., Venetian Macau S. A., Melco Resorts (Macau) S. A., MGM Grand Paradise S. A., Galaxy Casino S. A. and SJM Resorts S.A. – plus an external seventh bidder in GMM S. A, an indirect subsidiary of Genting Malaysia.

Under Macau’s new gaming law, tenderers who are granted a provisional concession will be required to submit information to the Gaming Inspection and Coordination Bureau (DICJ) around its minimum capital requirement of MOP$5 billion (US$625 million).

The new 10-year concessions will officially commence from 1 January 2023.

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Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

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