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Grand-Lisboa-Palace

SJM believes new gaming concessions to have 10-year term

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,casino,concessions

Macau mulls concession numbers, to scrap sub-concessions

Macau has released its long-awaited consultation paper on the gaming industry, saying it proposes revising the number of concessions and abandoning the current system of sub-concessions.
Morpheus-COD-Melco

Melco’s Ho sees no major surprises in concession renewal

Melco Resorts & Entertainment Chairman and CEO Lawrence Ho said he doesn't expect any surprises in Macau's concession renewal process, despite the regulatory crackdown in China that has rattled investor nerves and sent Chinese stocks crashing on Tuesday. 

Macau public consultation on gaming law to take place in H2

The Macau Secretary for Economy and Finance Lei Wai Nong said the public consultation on the revision of gaming laws will take place in the second half of this year ahead of the expiry of the casino concessions in June next year. The consultation is a necessary step in the concession renewal process.
Ho Iat Seng

Macau gaming law revision not likely until late 2021

Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry. 
gaming recovery

Macau concessionaires safe – or are they?

The question of the fast-looming deadline for expiry for Macau’s gaming concessions was given a thorough airing by a panel of experts Thursday night, with the majority coming down in favour of the government deciding to maintain the status quo and number of operators.

US-China disputes threaten blowback on Macau concessionaires: Analysts

Recent diplomatic moves such as this week’s declaration by US Secretary of State Mike Pompeo that he will no longer consider Hong Kong as...

Macau’s CSR drive – with one eye on Beijing?

Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.

Impressive achievements, but still room for improvement

At the time of its handover to China in 1999, Macau’s transition from a colonial outpost to a semi-autonomous global gaming powerhouse was far from assured.

Macau 2020 and beyond

The 1999 handover and casino liberalization policy put in place a new phase of development for Macau. All six casino licenses are soon set to expire and once the retendering process has been enacted, Macau will enter a crucial next phase. 

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