Macau’s six gaming concessionaires have celebrated the signing of their contracts with the government, cementing a years-long process of speculation, financial instability, and lengthy negotiation.
Collectively the six concession holders will be investing MOP118.86 billion over the ten-year licenses, with non-gaming spend totaling MOP108.32 billion.
Leading the investment is Sands, which pledged MOP30.23 billion in total, with MOP27.8 billion going to non-gaming. These figures ensure that it can continue to operate its Sands, Venetian, The Plaza, Londoner and Parisian casinos over the ten years.
In total, the company is allowed to operate 1,680 gaming tables and 3,700 gaming machines.
The second-largest investment came from Galaxy, at MOP28.35 billion, of which MOP27.5 billion is allocated for non-gaming. This ensures the ongoing operation of its primary venues: Galaxy Macau, StarWorld and Broadway, as well as the rights to a casino in the peninsula-based Waldo. The group had not yet divulged the overall gaming tables and electronic gaming machines it will be operating under the new contract.
Wynn Macau came in third, with MOP17.73 billion to invest, of which MOP16.03 billion will go to non-gaming. The group will have significantly less tables than its larger rivals, operating 570 gaming tables and 1,100 gaming machines at its Wynn Macau and Wynn Palace properties.
Meanwhile, MGM will invest some MOP16.7 billion during the period, of which MOP15 billion goes towards non-gaming. It has been authorized an increase in its table numbers, from 552 to 750, while also being allowed to operate 1,700 electronic gaming machines collectively at its Macau and Cotai properties.
Coming in fifth is SJM, with a planned investment of MOP14.03 billion, with MOP12 billion allocated to non-gaming spend. The group also didn’t reveal its allotted table and EGM numbers.
The company has been authorized to operate its Lisboa, Grand Lisboa, Grand Lisboa Palace and Oceanus casinos directly and have satellite offerings at the Landmark, Grandview, Kam Pek Paradise, Casa Real, Fortuna, Emperor Palace, Ponte 16, L’Arc and Legend Palace venues.
Melco has promised to invest some MOP11.82 billion, with MOP10 billion going into non-gaming. The group has been allocated 750 gaming tables and 2,100 electronic gaming machines, to be operated directly at its City of Dreams, Altira and Studio City properties.
It will also be allowed satellite operations at the Golden Dragon Casino and the continued operations of its slot clubs (Mocha) at six venues: Golden Dragon, Grand Dragon, Royal, Sintra, Kuong Fat and Porto Interior.