The results of the Macau Gambling Card Auction were officially announced. After 2 months of competition, Genting Group was out again. The Stanley Ho family managed to keep three gambling cards. This result really surprised many people.
Because in the first round of selection, Genting Group once ranked third. At the same time, many believe that Macau now needs a new company like Genting Group. At the same time, the Beijing, strength and layout of Genting Group are also expected. As a result, many people speculate that Genting Group will break the current pattern of Macau and successfully get a gambling card.
At the same time, many people think that Genting Group wins cards, then the probability of being out is a company under the Stanley Ho family. The Stanley Ho family controls three gambling cards. This time, Macau issued six gambling cards, and there were originally six gaming companies in Macau, and all six companies participated in the bidding this time.
At the same time, with the addition of Genting Group, then there are seven companies competing for six gambling cards, and one company is destined to be out. In the first round of selection, all three companies of the Stanley Ho family ranked at the bottom. But after He Chaoqiong's readjustment, the final outcome was unexpected. SJM, MGM Macau and Melco International, controlled by the Stanley Ho family, all successfully retained their gambling licenses. In the next 10 years, the Stanley Ho family will still control half of Macau's gaming industry, as three of the six gambling cards are in the hands of the Stanley Ho family.
After Ho Chaoqiong kept her family's gambling cards in Portugal, she successfully led her family to keep three gambling cards in Macau, and it can be said that she also completed her task. After Stanley Ho's death, many people worried that He Chaoqiong would not be able to keep the three gambling cards. Because in the past 10 years, the business of the Stanley Ho family has actually been declining. Their influence in Macau has been surpassed by Sands and Galaxy in Macau.
But after the outbreak of the epidemic, it did He Chaoqiong a favor, because the epidemic was serious, so only one Genting Group came to this bidding. In 2001, when Macau gambled for cards, a total of 21 companies competed for 3 cards. But now because of the epidemic, many global betting giants have suffered heavy losses, they are unable to bid, and other cross-industry companies are also very conservative and dare not bid at will.
As a result, only 7 companies competed for 6 gambling cards, which greatly increased the probability of He Chaoqiong keeping the gambling cards. After the bidding began, He Chaoqiong also made full preparations, and the three companies of the Stanley Ho family submitted bidding materials under the leadership of He Chaoqiong, He Chaofeng and He Youlong, and they also shocked many people when they submitted the information.
Because the bidding materials are several large boxes. Many people are wondering why there is so much information. After the bidding began, all kinds of gossip flew all over the place. However, after 2 months of competition, He Chaoqiong finally managed to keep three gambling cards.
The new license will be able to operate in Macau for 10 years. In the past three years, Macau gaming has suffered heavy losses due to the epidemic, and now the global epidemic has reached a new inflection point. Many countries have opened up normally. The World Cup in Qatar is in full swing, with fans from all over the world coming together.
Everyone is enjoying the beauty of football. Macau should also see the light of day. The Stanley Ho family has been up for three years, losing two or three hundred billion, and you can see the dawn of victory after getting a new gambling card. Hong Kong, next door, is already opening up, and new measures are constantly coming out.
Macau should also have a chance. For He Chaoqiong, this successful contract renewal is also very crucial. The next 10 years will be when she creates her own era. For decades, the Macau gambling king has been his father. But in Stanley Ho's later years, the He family's business had actually gone downhill. If Ho Chiu-qiong can lead the successful turnaround of the family business in the next 10 years, then she will write her own mark in the history of Macau.
For Ho Chaoqiong, the current business of their family is not only related to the fate of their own family, but also affects the development of Macao. Macau is now vigorously developing non-gaming entertainment, and Ho Chaoqiong must also contribute to Macao's transformation into an international tourism city.
Of course, opportunities and challenges coexist. In order to win new gambling cards, several major gaming companies have reached new agreements with Macau. Sands and Galaxy will invest 20 billion in non-gaming over the next 10 years. The other four companies will each invest $15 billion. It is equivalent to saying that in the next 10 years, Ho Chaoqiong will invest 45 billion yuan in Macao's non-gaming sector, which is not a small amount. In a normal year, the combined profits of the three companies of the Stanley Ho family are less than 10 billion.
In addition, according to the new arrangement in Macau, gaming companies must deposit reserves of 5 billion yuan in designated accounts. Three companies is 15 billion. If this expense is included, He Chaoqiong must also prepare 60 billion yuan in the next 10 years. Of course, if the development of these 10 years is good, then it will also lay a good foundation for the gambling card bidding again in 10 years.