Casino licenses will begin to expire in 2020
No timetable yet for renewal of gaming concessions in Macau
2011-09-12
Reading time 29 seg
(Macau).- Macau’s government does not have a calendar yet to start the gaming concession renewal process, Macau Business reports. Casino concessions will begin to expire in 2020, but the worries have already begun about the chance of some of the city’s six casino operators failing to have their licences renewed.
These worries are likely to make it harder for operators to borrow to pay for their projects in Cotai.
“No specific timetable regarding the gaming concession renewal process is being set out yet,” a spokesperson for the Gaming Inspection and Coordination Bureau told Macau Business.
“However, rest assured that the government is paying close attention to the various impacts on project financing of the gaming concessionaires,” the spokesperson said.
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