BREAKING NEWS – Gov’t launches public tender to award gaming concessions

The Chief Executive published an executive order opening a new public tender to award six gaming concessions. Bidders can submit their proposals between July 29 and September 14.

In the order published in the Official Gazette today, authorities noted that the concessions’ term is capped at 10 years, as stated in the newly approved gaming law.

The city’s current six gaming concessions and sub-concessions will expire by the end of this year.

The order also noted all interested parties should submit their bids by no later than 5:45 pm on September 14 with a security deposit of at least MOP10 million (US$1.25 million).

According to the order, the bids will be evaluated in accordance with seven criteria: the amount of the premiums the bidders propose; their plan in exploring non-Chinese markets; their experiences in casino gaming and related fields; the benefits of their gaming and non-gaming investments; their casino management plan; their proposal of overseeing and preventing illicit activities in casinos; and social responsibilities. 

The administration announced in a separate executive order by the Chief Executive yesterday (Wednesday) a commission responsible for the public tendering process of gaming concessions was established. The eight-strong committee includes Secretary for Administration and Justice André Cheong Weng Chon; Secretary for Economy and Finance Lei Wai Nong; and Secretary for Social Affairs and Culture Elsie Ao Ieong U.

The committee is holding a press conference at 3 pm today and is expected to explain the details of the tendering process and timeline.

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