Gaming operator Wynn Macau Ltd announced today (Tuesday) it has submitted a bid to the Macau government for a 10-year gaming concession that is expected to begin at the start of 2023.
The Hong Kong-listed firm said in a filing the bid was submitted today by its Macau subsidiary that holds the current casino gaming rights, Wynn Resorts (Macau) S.A.
The filing did not unveil the details of the bid, only adding: “Further announcement will be made by the Company as and when appropriate.”
The Macau government launched in late July a public tender for up to six 10-year gaming concessions that begin in 2023, as the city’s current six gaming concessions and subconcessions will expire by the end of this year.
Any interested parties can submit their bids by 5:45 pm tomorrow (September 14), including the relevant documents and a deposit of at least MOP10 million (US$1.25 million).
Analysts anticipate all the current six gaming operators in the city will bid for the new concessions with little competition from other parties.
Wilfred Wong, president of another current operator Sands China Ltd, told Macau News Agency over the weekend that the firm was “finalising the tender documents” which would be submitted either today or tomorrow before the deadline.