Genting group bid on Macau got rejected

Genting group bid on Macau got rejected

Macau’s six current casino operators have been named the provisional winners of the enclave’s competitive bidding period.

Macau casino licenses for the Chinese subsidiaries of Las Vegas Sands, Wynn Resorts, and MGM Resorts, plus China-based Melco Resorts, Galaxy Entertainment, and SJM Resorts, terminate at the end of 2022 after a 20-year validity. 

The Chinese Special Administrative Region (SAR), largely expected to issue the six companies fresh concessions, made it official on the 26th of November by declaring those entities as the winners of its six gaming licenses that will run from Jan. 1, 2023, through Dec. 31, 2033.

Macau Secretary for Administration and Justice André Cheong Weng Chon said 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.

With Macau strongly expected to maintain the status quo with its present half-dozen gaming operators, the region’s open bidding period attracted only one outsider. The pitch came from Malaysia-based Genting Group.

Cheong said the government would not be immediately publishing the grading scores that the seven bidding companies received from the Bidding Committee. The secretary had no comment on how seriously Genting was considered for market inclusion.

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