{"id":153,"date":"2024-06-17T02:20:06","date_gmt":"2024-06-16T23:20:06","guid":{"rendered":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/17\/macau-casino-license-bidding-attracts-seven-applicants\/"},"modified":"2024-06-20T17:11:59","modified_gmt":"2024-06-20T14:11:59","slug":"macau-casino-license-bidding-attracts-seven-applicants","status":"publish","type":"post","link":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/17\/macau-casino-license-bidding-attracts-seven-applicants\/","title":{"rendered":"Macau Casino License Bidding Attracts Seven Applicants"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/egqKuAlEMLY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Seven applications have been received for the six available casino permits in Macau, as the world&#8217;s largest gambling center undergoes a significant restructuring. A committee in the Chinese special administrative region responsible for overseeing the process is currently reviewing the proposals to determine which entities will be awarded the sought-after licenses.<\/p>\n<p>By the deadline last Wednesday, all six incumbent operators\u2014SJM Holdings, Galaxy Entertainment, Wynn Macau, MGM China, Sands China, and Melco Resorts\u2014had submitted their bids. They were joined by GMM, a subsidiary of the Malaysian conglomerate Genting, signaling the company&#8217;s initial venture into the Macau casino market.<\/p>\n<p>Although GMM&#8217;s application was accepted provisionally, the committee has not revealed the specific actions the company must take to obtain final authorization.<\/p>\n<p>The new permits are scheduled to become effective on January 1, 2023, and will remain valid for a decade, with a potential three-year extension in exceptional circumstances. It is worth noting that the updated gaming regulations in Macau abolish the previous framework of subconcessions. <\/p>\n<p>During the month of July, Macau&#8217;s administration formed a group of nine individuals to supervise the process of granting fresh gaming permits. This influential group comprises prominent figures within Macau&#8217;s governing body, such as the heads of Administration and Justice, Economy and Finance, and Social Affairs and Culture. <\/p>\n<p>Although no specific date has been determined for concluding the examination of the applications, there&#8217;s considerable expectation regarding the distribution of the new permits, projected to occur before the close of 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seven applications have been received for the six available casino permits in Macau, as the world&#8217;s largest gambling center undergoes a significant restructuring. A committee [&#8230;]<\/p>\n","protected":false},"author":75,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macau Casino Race Heats Up: 7 Bid for 6 Licenses<\/title>\n<meta name=\"description\" content=\"The competition is fierce in Macau as seven companies vie for just six casino licenses. 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