Adds that authorities should demand more from gaming concessionaires
As the 2022 Macau licensing renewal process gets closer, Pansy Ho, leading gaming business and investor, commented to local media that, “The government should demand more from their gaming concessionaires.”
While much of the discussions have revolved around the number of concessionaires that will be allowed come 2022, Pansy Ho said that the focus should instead be around what each potential operator can bring to the city and its diversification efforts.
“All who come forward have to demonstrate that they are capable of bringing something extra to Macau,” said Ho. “We are going to go through a bidding process in the next two to three years and that is why it is more critical now that the company has the right direction and a well-defined strategy for the future.” Pansy Ho added that as reference to her recent and ongoing joust for control of SJM Holdings, industry leader in the Chinese Special Region.
There are six concessionaires and sub-concessionaires that operate in Macau, including SJM Holdings, Galaxy, Sands China, Melco Resorts, Wynn Macau and MGM China.
Earlier this year, the Macau government warned that future concessionaires in Macau will be required to promote other industries and take on more social responsibilities – which will be taken into account in the 2022 public tender. Based on this, Ho said that SJM has already been working on a strategy for the future licensing process.