How will Macau treat casino gaming license renewals?

by Changbin Wang* The government’s mid-term review of Macau’s six gaming operators is now well underway, assessing the strengths and weaknesses of the concessionaires and sub-concessionaires ahead of the expiry of current concessions. Against a backdrop of a year of falling gambling revenue and a crackdown on corruption by mainland China, it has added a further layer of regulatory uncertainty in the market. Depending on the contract signed between the government and the operator, those licenses expire in 2020, or 2022. As the deadline looms there remains a question mark over how the administration plans to handle the renewal process. Will it simply renew the licenses of the existing casino gaming operators and keep everything unchanged? Or will it open a new round of public bidding for casino gaming concessions that would allow new entrants to participate? This article analyzes the ways the Macau government may choose to renew the casino gaming licenses, as...

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