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HONG KONG, Aug 26 (Reuters) – Macau has mounted a restrict of 6,000 gaming tables and 12,000 gaming machines for brand new on line casino operators early subsequent yr, in addition to minimal earnings ranges for every operator, the federal government on this planet’s greatest playing hub mentioned on Friday.
With their contracts set to run out on the finish of the yr, the territory’s six licensed operators, Sands China 1928.HK, Wynn Macau 1128.HK, Galaxy Leisure 0027.HK, MGM China 2282.HK, SJM Holdings 0880.HK, Melco Resorts MPEL.O need to rebid for his or her spots.
The federal government kicked off the extremely anticipated bidding course of in July, when it mentioned international gaming operators might submit bids for brand new licenses from July 29 till September 14. L4N2Z91XY
“The brand new gaming operation from early subsequent yr will … cap the overall quantity of all gaming tables and gaming machines to make sure orderly and wholesome improvement,” the federal government mentioned in a press release on its web site.
Minimal annual gross earnings from every gaming desk is ready at 7 million patacas ($866,122) whereas the determine for every gaming machine is 300,000 patacas, the federal government mentioned.
A on line casino operator which falls in need of the decrease earnings degree should make it up by paying a particular premium. The federal government mentioned the foundations aimed to spur licensed corporations to make good use of authorized tables and machines.
By the top of 2021, Macau had a complete of 6,198 gaming tables working and 11,758 machines. That was down from a excessive of 6,739 tables in 2019, previous to the COVID-19 outbreak.
($1=8.0820 patacas)
(Reporting by Farah Grasp and Twinnie Siu; Modifying by Raissa Kasolowsky)
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