Latest

Casino Boss Calls For License Bidding Delay

One of the largest casino operators in Macau has said that the Macau government should extend the current concessions within the country to help operators recover from the COVID-19 pandemic before any new bidding starts.

Ambrose So Shu Fai, the chief executive of SJM Holdings said the government should at least extend the process by one year and only begin the tender process for gaming rights to operate in Macau when the global and gaming economy recovers.

Speaking to the Hong Kong Economic Journal publication said it is only fair that the current concession holders are able to bid fairly against any outside international bidder and that can only happen when all six of the current holders have sufficiently recovered from the global pandemic.

Tenders to hold a gaming license is due to come up in 2022 and those normally last for 20-years, however there are laws within the framework to extend the license of those concessions if needed.

Debbie

Recent Posts

Galaxsys Expands Fast Game Portfolio with the Launch of Aviabom

Galaxsys, has announced the launch of Aviabom, a fast-paced flight-based multiplier game designed to bring…

12 hours ago

QuinnBet (Gibraltar) Limited to pay £609,104 for regulatory failures

The UK Gambling Commission (UKGC) announced today that QuinnBet (Gibraltar) Limited, which operates quinnbet.com will…

13 hours ago

Hub88 onboards Gametimetec’s Showtime Slots portfolio

Hub88 has integrated Gametimetec's Showtime Slots portfolio to provide operators with access to a fast-growing…

13 hours ago

DATA.BET Expands Virtual Content Coverage for LatAm Market

DATA.BET has extended its virtual content coverage with 24/7 bot-vs-bot matches. The product was originally…

13 hours ago

Games Global and Alchemy Gaming take fishing franchise to new depths

Games Global and its exclusive studio partner, Alchemy Gaming, have launched Bass Cash 1000™, the newest title…

13 hours ago

SkyCity Initiates Strategic Review of Adelaide Casino – Possible Sale

SkyCity Entertainment Group has announced a formal strategic review of its Adelaide casino operations in…

14 hours ago