All six incumbent casino concessionaires in Macau will continue to operate in the region for the next 10 years after they were listed as “provisional winners” in the new gaming tender process. The preferred bids were announced during a press briefing on November 26, 2022.
MGM China Gets Highest Score
Topping the list was MGM China Holdings Ltd, followed by Galaxy Entertainment Group Ltd. The four other existing casino concessionaires in Macau, Sands China Ltd, Melco Resorts and Entertainment Ltd, Wynn Macau Ltd, and SJM Holdings Ltd were also on the list.
Each of the six casino concessionaires was awarded a provisional license under an executive order signed by Macau’s Chief Executive Ho lat Seng.
Their proposals met all of the requirements for securing a new 10-year gaming concession contract in the region, according to Secretary for Administration and Justice André Cheong Weng Chon, who serves as head of a special commission supervising the gaming tender procedure.
Genting Malaysia Unsuccessful
As earlier predicted by investment analysts and gaming experts, Genting Malaysia’s subsidiary GMM Ltd failed in its bid for a Macau casino license. Mr. Cheong was asked by some members of the media about the possibility of Genting securing a partnership with any of the six incumbent casino concessionaires, but he refused to answer, saying it was a “hypothetical question”.
