Macau Government terminates Macau Jockey Club concession
Tuesday 16 de January 2024 / 12:00
2 minutos de lectura
(Macau).- The Macau SAR Government will rescind the horse racing concession contract with the Macau Horse Race Co., Ltd., which operates the Macau Jockey Club (MJC).
An executive order issued by Chief Executive Ho Iat Seng and published this morning in the Official Gazette indicates that Secretary for Economy and Culture Lei Wai Nong has been granted powers to sign the agreement canceling the concession contract with the horse racing operator.
A press conference on the matter is being held by the government since 11 am.
The Government meanwhile issued a press release announcing that the termination of the contract takes effect on April 1.
MNA has learned that MJC will be holding a press conference at 3pm.
In 2018, the government extended the concession contract of the Macau Horse Race Co., Ltd. until August 2042.
The Macau Jockey Club has been experiencing losses for several years and its financial situation worsened in recent years.
In September 2023, amid rumours that the MJC would close soon, Secretary for Economy and Finance, Lei Wai Nong, emphasised that the Macau Jockey Club and all gaming operators in the city must “diligently” meet their obligations in accordance with legal provisions and the terms stipulated in their concession contracts.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: EMEA
Event
SiGMA Central Europe
03 de November 2025
SiGMA Central Europe 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SiGMA Central Europe Awards 2025: BetConstruct Wins Innovative Sportsbook Solution of the Year
(Malta).- BetConstruct has been recognised at the SiGMA Central Europe Awards 2025, receiving the Innovative Sportsbook Solution of the Year award. This achievement highlights the company’s continued focus on elevating retail betting experiences and supporting operators with solutions that create measurable business value.
Wednesday 05 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.