When Macau first decided to extend gaming beyond the previous monopoly holder, Stanley Ho’s SJM, the plan was to introduce two new licenses. The government has been tight-lipped about how officials will determine the process, but it was always expected that the two licenses due to expire first would be extended so that whatever decision is made, it would apply to all six concessionaires equally and at the same time. SJM and MGM Resorts will now have until June 2022-like the other four concessions-to see how the renewal/re-bid process will evolve. The mystery of what will happen when the six gaming concessions expire in Macau became a little more clear last week when the government extended the term of the first two concessions that were due to expire next year.
Everyone is on the same page now… at least time wise.
