{"id":582,"date":"2020-10-07T00:00:00","date_gmt":"2020-10-07T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/covid-19-wont-delay-macaus-2022-gaming-tender\/"},"modified":"2020-10-07T00:00:00","modified_gmt":"2020-10-07T00:00:00","slug":"covid-19-wont-delay-macaus-2022-gaming-tender","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/covid-19-wont-delay-macaus-2022-gaming-tender\/","title":{"rendered":"COVID-19 WON\u2019T DELAY MACAU\u2019S 2022 GAMING TENDER"},"content":{"rendered":"<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Montserrat','serif'; color: #1a1c21; letter-spacing: .25pt;\">The Secretary for Economy and Finance has confirmed the process will go ahead on schedule.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Montserrat','serif'; color: #1a1c21; letter-spacing: .25pt;\">\u00a0The Secretary for Economy and Finance, Lei Wai Nong, said on Thursday that Macau has no plans to delay its public tender for gaming concessions in 2022.\u00a0<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Montserrat','serif'; color: #1a1c21; letter-spacing: .25pt;\">The six current concessions and sub-concessions held by MGM China, Sands China, Wynn Macau, SJM Holdings, Melco Resorts and Galaxy Entertainment Group are all set to expire in 2022. Some expected the process to be delayed owing to the disruption and huge losses casinos have seen this year.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Montserrat','serif'; color: #1a1c21; letter-spacing: .25pt;\">Speaking to MNA during an event to celebrate the 71st anniversary of the founding of the People\u2019s Republic of China, Secretary Lei confirmed that the tender will go ahead in 2022, and also that Macau\u2019s revised gaming law will be submitted to the Legislative Assembly next year.\u00a0\u00a0<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Montserrat','serif'; color: #1a1c21; letter-spacing: .25pt;\">He said: \u201cWe are already in the preparation stage and we have to consider many technical issues. The circumstances during the gaming market liberalisation in 2002 and now are very different.\u201d\u00a0<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Montserrat','serif'; color: #1a1c21; letter-spacing: .25pt;\">Some\u00a0<em><b><span style=\"font-family: 'Montserrat','serif';\"><span style=\"color: #1a1c21;\">analysts believe<\/span><\/span><\/b><\/em>\u00a0the loss in tax revenues due to the pandemic this year may lead Macau to increase licence fees for the 2022 tender.<\/span><\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/> <label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"21217\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Secretary for Economy and Finance has confirmed the process will go ahead on schedule. \u00a0The Secretary for Economy and Finance, Lei Wai Nong, said on Thursday that Macau has no plans to delay its public tender for gaming concessions&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,11],"tags":[],"class_list":["post-582","post","type-post","status-publish","format-standard","hentry","category-asia","category-casino"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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