Casino

Macau government publishes casino license re-tender rules

Wednesday 06 de July 2022 / 08:33

⏱ 1 min read

(Macau).- The Macao SAR Government on Tuesday published the rules for the re-tendering of Macau gaming licenses, which covers details of the bidding for gaming concessions, the qualifications of bidding companies and the criteria for granting them.

Macau government publishes casino license re-tender rules

The regulations mention that the government’s award criteria will pay close attention to the bidding companies’ plans to develop foreign tourist markets, the benefits brought by gaming and non-gaming investments to Macau, and the corporate social responsibilities they undertake.

The full name of the regulation is Administrative Regulation No. 28/2022 – Amendment of Administrative Regulation No. 26/2001 “Regulating the open bidding and granting contracts for casino games of fortune operations, and the appropriateness of bidding companies and approving companies, eligibility and financial requirements.”

The rules, published in Traditional Chinese and Portuguese, follow the passing of Macau’s amended gaming law last month.

Some of the criteria for the tender process listed in the rules are:

The amount of the variable part of the proposed premium;

The plans aimed at expanding the markets of customers from foreign countries

Experience in operating games of chance in casino or related areas;

The interest to the region from investments in gaming and non-gaming related projects

The casino management plan;

The proposed supervision and prevention of illicit activities in casinos;

Corporate social responsibilities concessionaires intend to assume.

The original rules plus amendments comprise tens of thousands of words. IAG will be analyzing the rules in the coming hours and days and will publish more detailed analysis in the days ahead.

By Pierce Chan

Categoría:Casino

Tags: Sin tags

País: Macao