Retendering21-22

nov22 Macau casino operators, vying for a licence in the world's biggest gambling hub, are expected to invest a total of around 100 billion patacas ($12.4 billion) over the next 10 years, local broadcaster TDM reported. Galaxy and Sands may invest more than 20 billion patacas each, while the others will invest less than 20 billion patacas. Altogether the total will be around 100 billion, TDM said. https://www.reuters.com/markets/asia/macau-casinos-expected-invest-around-12-bln-over-next-10-years-media-2022-11-14/ According to  TDM Portuguese Radio , the Macau public tender commission has reached an agreement with companies bidding for a new 10-year gaming concession to invest a combined MOP$100 billion (US$12.5 billion) during the concession period. TDM  reports that the parties reached a consensus on expected investment at a meeting on Friday, with market share leaders Galaxy Entertainment Group and Sands China to each invest more than MOP$20 billion (US$2.5 billion). The oth...

nov22 The Macau SAR Government has asked the seven companies bidding for a new 10-year gaming concession from 2023 to increase their proposed levels of investment, according to a report from  TDM Portuguese Radio . This, the station said, came as the bidding parties completed negotiations with the government and submitted their final proposals this week. It is also said that the preliminary results of the tender committee will be announced shortly, possibly as early as this week. Central to   TDM ’s report is that the government has asked the contenders to increase their proposed amount of investment. The media outlet   revealed last month   that the six companies who ultimately win a new gaming concession had agreed to invest a combined MOP$100 billion (US$12.5 billion) over the duration of the 10-year concession period, with Galaxy Entertainment Group and Sands China to each invest more than MOP$20 billion (US$2.5 billion) and the remaining four to invest closer to...