August 7, 2022

Macau publishes draft rules for new casino bidding process


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People strolling previous a casino in Macau. (Reuters record photograph)

HONG KONG: Macau’s government council on Tuesday revealed draft rules for a retendering of casino licences forward of the year-end expiration of such rights granted to gaming firms on the earth’s largest playing hub.
The rules incorporated main points at the bidding for the gaming concessions, {qualifications} of the firms bidding and the factors for granting them.
The executive pays shut consideration to operators’ plans to increase overseas vacationer markets, the advantages introduced by means of gaming and non-gaming initiatives to Macau and social duties.
The rules come after the federal government handed Macau’s amended gaming regulation final month, which marked the largest felony reforms for the trade in 20 years.
Licences for Macau’s casino operators – Wynn Macau , Sands China, MGM China, Galaxy Entertainment and Melco Resorts – will expire on December 31. Macau is the one position in China the place playing in casinos is felony.

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