\n“With so much having been invested in the Grand Lisboa Palace project, we have to be able to answer our shareholders regarding how the business will continue to operate in the future,” So explained.<\/span><\/p>\n<\/blockquote>\nThe Cotai Strip, a term dubbed by Sands China, the first company to build an integrated casino resort there, has quickly become the main drag for the enclave’s high rollers. SJM operates 20 casinos in downtown Macau.<\/p>\n
Renewal Process<\/b><\/h2>\n
Macau’s Gaming Inspection and Coordination Bureau (DICJ) is currently reviewing all aspects of the gaming industry in hopes of “perfecting the laws and regulations.” But what that might mean for applicants looking to renew their permits is a mystery.<\/p>\n
So said in February that it’s “everybody’s wish that the government would put forward certain criteria in terms of renewal of the contracts.” The DICJ has given no estimate as to when the revamped regulations will be revealed, saying only that they will come “at the appropriate time.”<\/span><\/strong><\/p>\nWhen the renewal period comes, So says he wouldn’t be surprised if regulators offer up a seventh casino license. It’s largely presumed that all six current license holders will see their contracts renewed under the updated terms set forth by the government regulatory agency.<\/p>\n","protected":false},"excerpt":{"rendered":"
SJM Holdings — the casino empire of Hong Kong billionaire Stanley Ho — is asking Macau regulators to extend the company’s gaming license for two more years before it’s scheduled expiration in 2020. SJM Holdings and MGM China are the first of Macau’s six licensed casino operators that will see their permits expire in 2020. […]<\/p>\n","protected":false},"author":25,"featured_media":79976,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,61,13592],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Operator SJM Holdings Seeks Two-Year License Extension<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n