The Las Vegas companies that submitted bids were all confident of renewal, but the addition of Genting to the list of applicants generated some doubt that one of the existing companies could be ousted. “The government has chosen these six companies in accordance with the law, and the bidding committee, in accordance with the law, focused on the tenderers’ social responsibility plans, and this condition was accepted by the government.”

“They have all submitted plans to the government for future investments, but no details can be announced at this stage. “The six companies that have been provisionally awarded will be developing the non-gaming and gaming sectors for Macao,” Cheong said. Genting Group of Malaysia, which submitted a late bid for a concession, was left out of the mix.Īndré Cheong Weng Chon, Macao’s secretary for administration and justice, said that after the announcement of the provisional award list, the government would begin to draft contracts expected to be signed with concessionaires next month. In addition to the Las Vegas-based companies, Galaxy Casinos, Melco Resorts and SJM Resorts - also received the provisional concession licensing. While the companies have faced strong financial pressures due to the COVID-19 pandemic, there’s hope for Macao’s eventual return to pre-pandemic days of stellar casino revenue performance. The government’s announcement was good news for the Las Vegas companies, which over the years have invested billions of dollars in the only location in China where gambling is legal. The move comes after the companies committed to help diversify tourism in the Chinese enclave by investing in nongaming attractions such as theme parks and music venues. Macao’s special administrative region government announced Saturday that MGM Resorts, Las Vegas Sands, Wynn Resorts along with three Chinese rivals were awarded provisional approvals. Three Las Vegas-based companies got a welcome boost Saturday when the Macao government announced they had been granted provisional approval to continue operating casinos in the Chinese enclave for the next 10 years.

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