Retendering21-22

 jan23 Zeng Zhonglu, a gaming scholar, has estimated that Macau’s gross gaming revenues could reach up to 70 percent of pre-pandemic levels in 2023, at MOP175.47 billion ($21.84 billion) as the territory aims to rebound from nearly three years of lackluster gaming results under COVID restrictions. Zeng Zhonglu, from the Macao Polytechnic University’s Gaming Research Team, told public broadcaster TDM that “the most difficult time has now passed” and that the economic recession had “bottomed out”. The figure bodes well for Macau’s gaming concessionaires, whose new licenses came into effect on January 1 st , with expectations for increased visitation due to pent-up demand, despite Macau’s health secretary estimating that about half of the population has COVID. Numerous countries, including South Korea, the United States and Australia are now requiring negative nucleic acid test results from arrivals from China, Hong Kong and Macau, which could slightly dampen visitation for those wish...

 jan23 Macau concessionaires announce annual fee to “rent” back casino areas as new 10-year gaming concessions become effective Macau’s six concessionaires will each pay the government a base sum of MOP$750 per square meter of gaming space for the first three years of their new 10-year concessions and MOP$2,500 per square meter for the remaining seven in order to “rent” back the casinos at their respective integrated resorts. In years 2 and 3 the MOP$750 base will be increased in accordance with the Macau average price index, and in years 5 to 10 the MOP$2,500 year 4 base will be similarly indexed. The “utilization fee” as it is referred to by SJM Resorts comes after the casino areas of the concessionaires’ properties were reverted back to the Macau SAR Government upon expiration of their previous 20-year concessions on 31 December 2022. The new 10-year concessions came into effect as of 1 January 2023, with five of the six concessionaires – Galaxy Entertainment Group being the exc...

 dez22 Concession contracts summary: everything you need to know   by   Andrew W Scott     Wed 21 Dec 2022 at 09:38 29 SHARES 732 VIEWS Below is a summary of significant terms and conditions under the  concession contracts signed on Friday 16 December 2022 , as understood by  IAG . (Note exchange rate US$1 = MOP$8)   Contract terms and conditions common to all concessionaires Term Concession term: 1 January 2023 to 31 December 2032 Early concession termination By mutual agreement By breach of obligations by concessionaire By public interest reason(s) By threat to national security By lack of concessionaire suitability At government’s option with one year’s notice from the eighth year of concession (with all legal rights and obligations accrued to the concessionaire before the date of redemption notice assumed by the Macau SAR government, and reasonable and fair compensation to the concessionaire) Operations Operating hours Must operate 24/7, every...

 dez22 The Macau government has announced its allocation of tables and slot machines under the new concession period to commence from 1 January 2023. The government  had previously announced  the number of tables and slots in Macau under the new concessions would be reduced to 6,000 and 12,000 respectively. This represents a 13% reduction in tables from the former 6,925 under the table cap which applied to the previous concession period set to end on 31 December 2022, and a 3% reduction in slot machines from the DICJ’s last official count of 12,387 machines as at the end of September. The biggest winner is MGM with an additional 198 tables to add to its former allocation under the table cap, representing an increase of 36%. MGM is the only one of the six concessionaires to receive an increase in table allocation, with the other five concessionaires, SJM, Melco, Wynn, GEG and Sands, losing 743, 196, 100, 79 and 5 tables respectively. SJM’s enormous loss of tables likely re...

 may25 Macau needs more hotel rooms to support non-gaming diversification of casino sector: Francis Lui Published May 7, 2025 Share 3 Min Read Macau must overcome its shortage of available hotel rooms in order to support the diversification of integrated resort businesses away from pure gaming operations. That is according to Francis Lui Yiu Tung, chairman of Macau casino operator Galaxy Entertainment Group Ltd. “As Macau shifts towards a more mass- and events-focused model, the question of hotel rooms must… be addressed, both in Macau and through greater integration with Hengqin,” Mr Lui said, referring to an island next door to Macau that is under mainland China’s jurisdiction. He added: “By comparison, Las Vegas has over 155,000 hotel rooms supported by 42 million visitors. This is over three times that of Macau: nearly 44,000 rooms despite 35 million visitors last year.” Mr Lui’s comments were made during the opening day of the Global Gaming Expo (G2E) Asia 2025 casino trade sh...