The Macau SAR Government will sign new 10-year gaming contracts with the city’s six concessionaires this Friday, the culmination of a consequential year for the gaming industry involving major changes to the Macau gaming law and an intense public re-tender process.
The signing of contracts comes after the current six concessionaires were all provisionally awarded new concessions late last month, beating out a challenge from a seventh bidder linked to Genting Malaysia.
IAG understands the government has organized press conferences on Saturday at which the leaders of all six concessionaires will appear and discuss their plans for the 10 years of the new concession.
The six companies set to sign, in the order they were placed in the tender process, are MGM Grand Paradise, Galaxy Casino, Venetian Macau, Melco Resorts (Macau), Wynn Resorts (Macau) and SJM Resorts.
