The amount to be paid to the Macau government by the concessionaires to “rent” the casinos back from the government under the new concessions – referred to as a “utilization fee” by SJM – should be known by the end of December.
The interesting tidbit of information was revealed in a Sunday evening SJM Holdings filing on the Hong Kong exchange, which read in part:
Since the casino premises, which were owned and operated by the Group, will revert to the Macau Government at the end of the Current Concession [ending 31 December 2022], SJM Resorts will pay an annual utilization fee for use of casino space owned by the Macau Government. The quantum of the utilization fee is expected to be determined by the Macau Government at the end of this month.
