
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’s six current casino operators have been named the provisional winners of the enclave’s competitive bidding period.
Veteran promoter VIP Gaming in Macau said for about six months, he has been involved in a business arrangement and in this case with Macau gaming concessionaire MGM China Holdings Ltd at its two properties, MGM Macau and MGM Cotai.
Macau Government officially reopened its border to foreign visitors from 41 countries last Thursday, with the Health Bureau explaining that this was the first phase plan for Macau to welcome the rest of the world.
Last week Macau government announced that they will extend their lockdown from the initial one-week period for another five days
The city’s 30-plus casinos and other businesses will shut for one week and people were ordered to stay at home through short trips for essential services were allowed.
Concessionaires have to notify Chief Executive Ho Iat-Seng of plans to pay dividends under Macau’s new gaming law.
The former boss of Macau Casino Junket, Alvin Chau has been charged with several crimes such as illegal gaming, criminal association, fraud, and money laundering.
Andrew Lo Kai Bong, a Suncity Group executive director. He is now in a position to determine where the company is headed.
A re-tendering of Macau casino concessions will see the number of licenses granted limited to six with a concession length of 10 years (with a possible extension of three years under exceptional circumstances).
The executive council that advises Macau’s chief executive announced proposals to boost the number of inspectors to 459 from 192 now, as well as creating a new director-level post at the regulator.
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