Macau’s six concessionaires will each pay the government a base sum of MOP$750 per square meter of gaming space for the first three years of their new 10-year concessions and MOP$2,500 per square meter for the remaining seven in order to “rent” back the casinos at their respective integrated resorts. In years 2 and 3 the MOP$750 base will be increased in accordance with the Macau average price index, and in years 5 to 10 the MOP$2,500 year 4 base will be similarly indexed.

The “utilization fee” as it is referred to by SJM Resorts comes after the casino areas of the concessionaires’ properties were reverted back to the Macau SAR Government upon expiration of their previous 20-year concessions on 31 December 2022.