Macau Extends MGM, SJM Concessions To 2022

Macau’s government has extended the casino concession of SJM Holdings and sub-concession of MGM China by more than two years to June 26, 2022, harmonising their expiry dates with the market’s four other concession holders.

The Government Information Bureau said this morning that the long-awaited decision will “unify the expiry dates” of the market’s six licensees and "have a beneficial effect on unifying the preparation and execution of work on the next open tender” for casino concessions.

“It will assist with the maintenance of social stability, particularly the stability of the labour market,” it said in a statement. 

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