Chief Executive Ho Iat Seng says officials still working on revising law and preparing tenders, urges those concerned not to worry.
Gaming concessions
Deputies call for future gaming contracts to include job guarantees for Macao residents and more help for smaller companies.
Ho said that the government will hold a public consultation first before drafting amendments to the gaming law. Ho pointed out that according to the full version of the 2021 Policy Address, the government plans to submit a bill amending the gaming industry law to the legislature for debate and vote in the fourth quarter of next year, but whether the schedule could be achieved would depend on the outcome of the public consultation to be held next year.
The government aims to launch a public consultation by end of this year on granting of future gaming concessions in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions in 2022.
Secretary for Economy and FinanceLeong Vai Tac reaffirmed in the legislature’s hemicycle Monday that the government plans to launch an open tender process for the granting of future gaming concessions, in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions.
Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature’s hemicycle Thursday that if the government revealed “prematurely” the details of its upcoming gaming concession bidding process in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions, it would “adversely impact” the “healthy” development of Macau’s gaming industry in the future.
Secretary for Economy and Finance Lionel Leong Vai Tac said that the government has not yet decided whether it will keep the current system of gaming sub-concessions. The policy secretary overseeing the gaming industry pledged that the government will “seriously” study the views expressed by civil society concerning the upcoming gaming concession bidding process. Leong […]
Gross gaming receipts in June rose to 19.99 billion patacas, 25.9 percent year on year.That compares with the median prediction for a 30 percent increase in a Bloomberg survey of 11 analysts and follows a 24 percent jump in May.
Secretary for Economy and Finance Lionel Leong Vai Tac said late last week that the government would not simply renew the city’s current gaming concessions and sub-concessions when they expire, but that it would instead launch a new bidding process.
