Concessionaire plans for the opening of phase 3 of its resort but like others is still counting the cost of the three-year Covid-19 pandemic.
gaming concessionaires
Committee chair Andrew Chan Chak Mo clarifies rules for junkets as city heads for new gaming scenario at year’s end.
Concessionaires’ contributions to city’s development will stay the same; chief executive will have final say in ‘major’ financial decisions.
Concessions cut to 10 years, leasing space to junkets banned, gross gaming revenue tax rate stays at 35 per cent.
Deputies call for future gaming contracts to include job guarantees for Macao residents and more help for smaller companies.
Casino licenses will expire in June 2022, but analysts predict they may well be extended due to the pandemic. Public consultation is still due to go ahead.
