The evolution of Macau to a more leisure and MICE destination will take time, likely much longer than the current 10-year concession period, CBRE Equity Research said in a note, indicating that this is in part due to limited infrastructure, a lack of skilled labor, and lack of developable land.

Macau will be permitted to have six casino concessionaires with the license period reduced to ten years, with the possibility for a three-year extension, according to the city's new gaming law.

Management at SJM Holdings told Goldman Sachs that they expect the duration of concessions terms to be around ten years.  SJM management made the comments...

Macau's Secretary for Economy and Finance, Lei Wai Nong, said Wednesday, when commenting on the recent discussion concerning the future of the Macau Jockey Club, that "operators must perform their obligations strictly in accordance with the requirements of the law and the concession contract".

The Macau government has put forward new requirements for gaming concessionaires in response to its diversification development needs, with a source saying the new mandates are delaying their investment plans.

Macau’s six concessionaires need to ramp up their CSR efforts, as the gaming industry focuses on attracting more international visitors. An expert notes that since Macau integrated resorts’ dimension is growing, their CSR and ESG criteria are also increasing.

A new "forwarding mechanism" aimed at channeling cultural and sports projects to integrated resorts in Macau would maximize the gaming operators' business acumen, notes an academic. Meanwhile, the mechanism could also elevate non-gaming projects' return on investment (ROI) and efficacy, according to gaming scholar Carlos Siu.

Macau six gaming concessionaires are planning to present their 2024 investment plans in September of this year, according to Macau’s Secretary for Social Affairs and Culture.

Macau’s economy is ‘expected to rebound at a double-digit rate for the whole year of 2023,’ according to the SAR’s monetary authority (AMCM).

An eventful weekend in Macau, as operators signed their new concession agreements with the government and outlined their commitments over the course of the coming 10 years.