MACAU BUSINESS
Concessionaires’ investment pledges 2023/2032 (MOP billion)
Visitor Arrivals 2019 (pre-pandemic) - million
Source: Statistics and Census Bureau
Local praise Local business and community leaders welcomed the granting of the concessions to the six incumbents and praised the government’s direction and the companies’ plans regarding economic diversification and the expansion of overseas visitor source markets. Kevin Ho King Lun, Macau depuy to the National
People’s Congress and president of the Industry and Commerce Association of Macau, said that the new gaming concessions can reinforce confidence in economic recovery and sustainable development by the government, provide motivation for the promotion of moderate economic diversification in Macau, and help to solve deep-rooted conflicts and problems in economic and social development. For Lau Pun Lap, head of local think tank and
president of the Macau Economic Association, the fact that the investment in non-gaming projects is ten times that of the investment in gaming shows that the government places a lot of importance on the projects committed and that there will be a dedicated team to follow up on and evaluate the implementation of the projects committed by the gaming operators. The head of the city’s largest and most influential
trade union, Lee Chong Cheng, said the Macau Federation of Trade Unions (FAOM) hoped that the gaming operators can fulfil their commitments, while protecting the employment rights and interests of local residents, intensifying their efforts to help local residents improve their overall quality of life and expand their room for upward mobility.
26 FEBRUARY 2023
Operators disclose annual fees for running casinos
Gaming concessionaires will pay the Macau Government next year annual utilization fees of MOP750 (US$93.5) per square meter of the casino areas they operate, as indicated by stock filings sent by casino operators to the Hong Kong Stock Exchange. The amount will see a 3.3-fold increase to MOP2,500 (US$311) per square metre in 2026. Gaming companies disclosed details regarding the reversion of casino areas and equipment to the government without compensation and free of encumbrance and the terms concerning the transfer of those areas back for the companies to operate.
The reversion took place on December 31, 2022, as the previous concession contract expired, and the transfer took effect on January 1, 2023, with the onset of the new ten-year gaming concession contract.
Concessionaires will pay the Macau government an annual amount, which will be MOP750 per square metre of the Casino Areas for the first year in March 2023. The amount will be adjusted in line with Macau’s average price index in Macau for the second and third year payable in March 2024 and March 2025.
The value will increase to MOP2,500 per square metre in the fourth year to be settled in March 2026 and then will be adjusted every year from then on also based on the SAR’s average price index.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84
