Six Macau casino operators receive official gaming licenses from the Macau government
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Six incumbent Macau casino operators signed a productive 10-year gaming contracts with the Macao government today. They received official gaming licenses to operate in the world's largest gambling city.
Six Macau casino operators signed the contract according to their rank in the recent tender process.
Six Macau casino operators receive official gaming licenses from the Macao government. The representatives of the six casino operator signed the contracts on behalf of them. The Chief Executive of Macua represented the government and signed on their behalf. For MGM, Pansy Ho, Kenneth Fong, Lui Che Woo and Francis Lu, Chairman and Vice Chairman of Galaxy Entertainment Group, Dr Wilfred Wong, President and Executive Director of Venetian, Dave Sun, Executive director of Sands China Limited, and Lawrence Ho of Melco Resorts & Entertainment.
Six Macau casino operators receive official gaming licenses from the Macao government. For MGM, Pansy Ho, Kenneth Fong, Lui Che Woo and Francis Lu, for Galaxy, Dr Wilfred Wong, Dave Sun and Lawrence Ho are the representatives of the highest placed bidder in the tender process.
Six Macau casino operators receive official gaming licenses from the Macao government. They are to retain a certain capital of MOP$5 billion. Each operator must have a “Managing Director” who must be a Macaw resident and own at least 15% of the company’s share capital.
The contract signing is the culmination of a year of gaming in Macau. The six Macao casino operators have the stability and all the conditions to operate legally in the Macaese. They have invested more than 50 billion dollars in China’s special administrative region over the past 20 years.
Six Macau casino operators receive official gaming licenses from the Macao government. The Secretary of Economy and Finance will issue a formal letter to each of the operators between now and December 31 to confirm that all conditions required by the contracts have been fulfilled and to grant special permission to start accepting bets from midnight on January 1 2023.
