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MJC receives six month license extension

The Macau SAR government has extended the concession granted to Macau Horse Racing Company Ltd for a period of six months, reports local media.

The operator’s currently horserace betting license was originally set to expire at the end of this month, however, it is understood that the Macau government is still looking at the development plans put forward by the Macau Jockey Club, which was submitted close to the expiration of the license.

Replying to TDM news, the Gaming Inspection and Coordination Bureau (DICJ) said that "the latest revised proposal submitted by the MJC contained development plans that involved the work of several other government departments, and considering that when the time the above revised proposal was submitted was very near to the Concession Contract expiry of the MJC, the MSAR Government, therefore, decided to grant a six-month extension to the MJC Concession Contract so as to provide adequate time for the relevant departments to conduct studies and analysis on the MJC proposal."

In an announcement in the official gazette, under the executive order, the duration of the contract has extended until February 28, 2018.


More news from this jurisdiction

MacauMonday, Jan 15, 2018

Melco Resorts & Entertainment Ltd is proud to announce the winning of three Hotelier of the Year for 2017 awards at the prestigious BMW Hotelier Awards, an annual award presentation for the hospitality sector.

MacauMonday, Jan 15, 2018

The second week of January saw stronger GGR numbers, says brokerage firm Bernstein, which has revised up its GGR estimate for the month.

MacauFriday, Jan 12, 2018

A group of gaming workers from Wynn Macau have submitted a petition to the MSAR government complaining of Wynn’s alleged tolerance of clients’ illegal smoking.

Elsewhere, MacauTuesday, Jan 09, 2018

Casino operator MGM recently supported a University of Macau (UM) study tour to Las Vegas.

MacauTuesday, Jan 09, 2018

The Adelson Family Foundation on Tuesday presented a cheque for more than $1.9 million to the University of Saint Joseph.

MacauTuesday, Jan 09, 2018

The Hong Kong-Zhuhai-Macau Bridge is set to open in the second quarter of 2018, according to people familiar with the matter.

MacauMonday, Jan 08, 2018

The first week of January saw month-to-date GGR performing slightly lower than its 2017 counterpart, according to channel checks from Bernstein.