Concession clarity lacking as deadline approaches

In just three years, the first of the licenses awarded to Macau’s concessionaires expire and, despite the billions of dollars invested by the operators in the market, there is still no clarity over the renewal process. There is no mechanism under the current law for automatic renewal which, as the deadline approaches, is leading to increasing concern in the market as to the tack the government may take. Views on the ground are mixed. “A myth has been put forward that implies that the renewals will be an automatic process and that the advantage will go to the incumbents… that is not the case,” argues international gaming consultant Ben Lee, managing director of iGamix. “The government has come out very clearly and said it is not a renewal,” said Lee, adding that a seventh concessionaire is not out of the question either. DICJ director Paulo Martins Chan, when asked about gaming concessions on...

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