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Macau gambling card "7 to 6", what happened in Genting out, the Macau gambling card bidding results that attracted global attention were finally revealed today, in the "7 to 6" situation, new contestant Malay

author:Macau Lao Yu

Macau gambling card "7 to 6", what happened in Genting out

The results of Macau's high-profile Macau gambling bid were finally announced today, and in the "7 to 6" situation, the new contestant GMM of Genting Group Malaysia was not awarded, and the original team of six old licensed companies continued to operate. According to the results of the award announced by the Gambling Auction Committee, the first scoring score was MGM Golden Palace Chao Ho Co., Ltd. After the results were announced, the six gaming enterprises issued press releases one after another, stating that they had been notified by the government to successfully win the gambling license and would continue to develop non-gaming elements in the future, so as to promote the moderate diversification of Macao and continue to contribute to Macao's economy and the development of Macao into a world centre of tourism and leisure.

Zhang Yongchun, chairman of the bidding committee, said that the deadline for the open auction was September 14, and a total of seven companies submitted bids before the deadline. The bidding committee conducted the bid opening process on 16 September and the seven companies were accepted to participate in the subsequent process. Having considered the contents of the Bidding Committee's report, in particular the relevant conclusions and recommendations, the Chief Executive today issued a directive to grant provisional awards to the following participating bidding companies: 1. MGM Grand Suites S.A., 2. Galaxy Casino S.A., 3. Venetian Macau S.A., 4. Melco Resorts (Macau) S.A.; 5. Wynn Resorts (Macau) Co., Ltd.; 6. Austame Entertainment Integrated Resort Co., Ltd.

Zhang Yongchun said that there are three main requirements for this open auction, namely to ensure stable employment of local employees, explore overseas source markets and develop non-gaming projects. He also pointed out that one of the key points of this auction is to explore overseas source markets, as Macao's visitor source structure is too single and unhealthy, and each company participating in the bidding has submitted specific and feasible implementation plans for expanding visitor source and corresponding investment plans.

As for the protection of the employment of local gaming employees, the Secretary for Economy and Finance, Lee Wai Nong, a member of the Bidding Committee, said that ensuring the stability of employment of local gaming employees is the bottom line of the HKSAR Government, and that employee protection is always the first priority of the authorities, and the bidding companies have also made corresponding commitments.

In addition, the reasons for the unawarded Genting defeat have also attracted attention, Cheung Wing Chun said that Genting GMM is a newly established company in Macau, the tender was accepted, although the company has no experience in the relevant gaming industry in Macau, they actively participate in the public bidding. When asked by some media about GMM's specific points loss projects, Zhang Yongchun pointed out that the specific projects with low scores are not convenient to disclose because they involve information that the company should not disclose.

As for the question of whether Genting GMM will join forces with the other six Bo enterprises in the future? Zhang Yongchun said that this is a business decision, but the proportion of shareholders of Boqi will be strictly regulated according to law. He also explained that the Government does not want any bidding company to use its bidding strategy to win awards, but after the Government makes a request, the bidding company "offers" to list the input plans and funds of various projects, and the Committee then negotiates with each company on a detailed basis to continuously improve the tender documents to achieve the most favorable outcome for the Government.

As for the ranking scores, Zhang Yongchun said that the ranking of the list of six bidding companies provisionally awarded by the new gambling license is calculated by the bidding committee in accordance with the scoring standards set by the law, and is ranked from highest to lowest, and the specific scores are not easy to disclose, but the bidding companies will know their scores.

Macau gambling card "7 to 6", what happened in Genting out, the Macau gambling card bidding results that attracted global attention were finally revealed today, in the "7 to 6" situation, new contestant Malay
Macau gambling card "7 to 6", what happened in Genting out, the Macau gambling card bidding results that attracted global attention were finally revealed today, in the "7 to 6" situation, new contestant Malay
Macau gambling card "7 to 6", what happened in Genting out, the Macau gambling card bidding results that attracted global attention were finally revealed today, in the "7 to 6" situation, new contestant Malay

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