{"id":23,"date":"2024-06-11T05:12:49","date_gmt":"2024-06-11T02:12:49","guid":{"rendered":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/"},"modified":"2024-06-12T10:47:38","modified_gmt":"2024-06-12T07:47:38","slug":"macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest","status":"publish","type":"post","link":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/","title":{"rendered":"Macau Gaming Licenses: Seven Companies Vie for Six Permits in High-Stakes Contest"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/egqKuAlEMLY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>All seven proposals for Macau&#8217;s six gaming permits have been greenlit. This paves the way for a high-pressure contest among seven corporations seeking a share of the profitable Macau gambling sector. The tender committee will oversee the bidding procedure, which will decide which businesses will influence the future of Macau&#8217;s casinos.<\/p>\n<p>By the cutoff last Wednesday, all interested groups had presented their offers. The fresh licenses, slated to commence on January 1, 2023, will endure for a decade, introducing a new chapter for Macau&#8217;s betting environment.<\/p>\n<p>Presently, Macau&#8217;s gambling arena is controlled by three prominent entities: Sociedade de Jogos de Macau (SJM), Galaxy Entertainment, and Wynn Macau. These titans, along with three sub-licensees &#8211; MGM China, Sands China, and Melco Resorts &#8211; have molded the industry for many years.<\/p>\n<p>All six incumbent operators, in addition to GMM, a branch of Malaysia&#8217;s Genting Group, have entered the race. Although GMM&#8217;s submission was conditionally embraced, the committee has not yet revealed the precise steps needed for ultimate authorization.<\/p>\n<p>It&#8217;s noteworthy that Macau&#8217;s revised gaming legislation no longer permits sub-concessions.  Rather, the government can award a maximum of six concessions via open bidding, each spanning 10 years, with a potential three-year prolongation under unique situations. <\/p>\n<p>At the close of this year, Macau aims to grant new gaming permits. To supervise the tender procedure for these authorizations, the local administration established a nine-member panel in July. This group encompasses three of the five primary officials of the Macau Special Administrative Region: the Secretary for Administration and Justice, Andr\u00e9 Cheong Weng Chon; the Secretary for Economy and Finance, Lei Wai Nong; and the Secretary for Social Affairs and Culture, Elsie Ao Ieong U.<\/p>\n<p>Although the government hasn&#8217;t determined a specific date for finalizing the bid assessment, it is anticipated that the fresh gaming concessions will be awarded before the years end. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>All seven proposals for Macau&#8217;s six gaming permits have been greenlit. This paves the way for a high-pressure contest among seven corporations seeking a share of the profitable Macau gambling sector. The tender committee will oversee the bidding procedure, which will decide which businesses will influence the future of Macau&#8217;s casinos. By the cutoff last [&hellip;]<\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macau Casino Race Heats Up: Seven Bids Approved for Gaming Permits<\/title>\n<meta name=\"description\" content=\"The battle for Macau\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Gaming Licenses: Seven Companies Vie for Six Permits in High-Stakes Contest\" \/>\n<meta property=\"og:description\" content=\"The battle for Macau\" \/>\n<meta property=\"og:url\" content=\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in the Most Exciting Casino Games Online | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T02:12:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:47:38+00:00\" \/>\n<meta name=\"author\" content=\"Lincoln &quot;Lynx&quot; Lang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lincoln &quot;Lynx&quot; Lang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/\",\"url\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/\",\"name\":\"Macau Casino Race Heats Up: Seven Bids Approved for Gaming Permits\",\"isPartOf\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-11T02:12:49+00:00\",\"dateModified\":\"2024-06-12T07:47:38+00:00\",\"author\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#\/schema\/person\/07bb6655d0f17d4cec78be6028301faf\"},\"description\":\"The battle for Macau\",\"breadcrumb\":{\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-licenses-seven-companies-vie-for-six-permits-in-high-stakes-contest\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/abigcandycasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Macau Gaming Licenses: Seven Companies Vie for Six Permits in High-Stakes Contest\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/abigcandycasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/abigcandycasinonodepositbonus.icu\/\",\"name\":\"Indulge in the Most Exciting Casino Games Online | Licensed\",\"description\":\"Indulge in the best of licensed online gambling through our comprehensive news, detailed game reviews, and informative insights. 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