HomeAsiaMacau government extends casino licences to December: Reports

Macau government extends casino licences to December: Reports

HONG KONG: Casino corporations in Macau can have their licences prolonged by six months, public broadcaster TDM reported on Thursday (Mar 3), citing a metropolis official, permitting extra time for a extremely anticipated rebidding course of on the earth’s largest casino hub.

Economy and Finance Secretary Lei Wai Nong, talking after a Legislative Assembly assembly, mentioned Macau’s casino licences that had been due to expire on Jun 26 shall be prolonged to Dec 31. He mentioned authorities would begin the rebidding course of as soon as the town’s legislature had handed a revised legislation.

Macau’s six operators, Wynn Macau, Sands China, MGM China, SJM Holdings, Galaxy Entertainment and Melco Resorts, all have to reapply to preserve operations within the Chinese-ruled former Portuguese colony.

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