The Government of Macau is putting shape to the bidding process for the city’s casino concessions. Authorities have begun studying the new rules and will publish the conditions for the retender for Macau gaming concessions this month, despite some delays due to the new outbreak of Covid-19 cases in the city.
Casino operators have extended their current gaming licences until December 31 due to the delays in opening the tender. They paid MOP47m ($6m) and provided a bank guarantee for MOP1.6bn to cover possible employee dismissals. Companies have already created teams to prepare the necessary documentation to participate in the public tender.
Once the government announces the new bidding process, casino operators will have one month to submit their applications, which will be evaluated by a special committee to verify that candidates meet the requirements of Macau’s new gaming law.
After that, the committee will meet with casino operators to jointly evaluate the proposals and analyse the details of each tender. The licence renewals should be announced in October or November. New contracts will be signed in December and will take effect on 1 January 2023.