• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 1 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

DICJ confirms Macau government can alter concessionaire investment plans as it deems necessary

Pierce Chan by Pierce Chan
Mon 14 Aug 2023 at 12:54
Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October
38
SHARES
940
VIEWS
Print Friendly, PDF & Email

Macau’s Gaming Inspection and Coordination Bureau (DICJ) has confirmed to Inside Asian Gaming that it has the power to change the investment plans of the city’s concessionaires as it sees fit and taking into account what it deems to be socio-economic development needs.

And while concessionaires have already submitted their plans for this year’s investment programs, those plans must now fit in with the government’s own five-year plan, unveiled earlier this month.

Macau’s six concessionaires all submitted their 2023 plans in March, with Chief Executive Ho Iat-seng stating at the time, “The government will make a judgment based on their investment plans and put them into the government’s ‘1+4’ multi-industry development plan.”

The details of concessionaire plans have not been made public although the government announced its multi-industry development plan on 4 August, titled, “Development plan for the appropriate diversification of the economy (2024 – 2028)”. This plan includes a number of areas related to gaming operators, including some infrastructure projects and non-gaming elements in Macau.

An industry representative, who asked not to be named, told IAG that the five-year plan had not yet been finalized when concessionaires submitted their proposals in March, and that the government had made a number of adjustments to those proposals, in consultation with the concessionaires, in the months since.

“The [gaming concessionaires’] investment plans need to be in line with the government’s new five-year plan,” the source said. “This new five-year plan shows that most of the government’s development plans for the next five years are related to gaming concessionaires, including those in the areas of high technology and major healthcare.”

The “Development plan for the appropriate diversification of the economy (2024 – 2028)” proposes a “1+4” strategy for the development of multiple industries, including integrated tourism and leisure, traditional Chinese medicine and comprehensive health, modern financial services, high-tech, MICE, and culture and sports.

In reply to inquiries from IAG, the DICJ said, “The grantee company has to submit to the SAR Government every year the implementation plan of the next year’s investment plan, and before the SAR Government approves the plan, the Government can adjust the investment project content, investment amount and implementation time in accordance with the needs of the socio-economic development in consultation with the concessionaires. As for the specific project implementation plans of the investment plans of the concessionaires this year, they have already been submitted.”

None of Macau’s concessionaires responded to IAG’s inquiries around the contents of their investment proposals.

It has previously been reported that the Macau government was not satisfied with the investment plans of the concessionaires. Speaking with analysts during Melco’s 2Q23 earnings call, Chairman and CEO Lawrence Ho revealed there were “a lot of negotiations” continuing with the government in the wake of last year’s re-tendering process, which saw all six concessionaires submit detailed investment proposals in winning new 10-year gaming concessions.

“What we’re seeing now is that there is a lot of reporting on the operators’ part – monthly reporting, quarterly reporting – [and therefore] a lot of negotiations and discussions around [what we are planning to do],” Ho said.

RelatedPosts

Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

Fri 30 May 2025 at 06:42
Macau’s hotel occupancy rate reaches 89% in July

Macau’s hotel occupancy rate climbed to 87.8% in April

Thu 29 May 2025 at 17:27
On the brink

On the brink

Thu 29 May 2025 at 13:27
Macau GGR rises 43.7% year-on-year to MOP$86.86 billion in 2021

Moody’s maintains investment-grade rating for Macau as fiscal reserves climb to US$77 billion

Thu 29 May 2025 at 05:23
Load More
Tags: concessionairesGaming Inspection and Coordination BureaugovernmentHo Iat-senginvestmentMacau
Share15Share3
Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

10 Years Ago – Reimagining Sri Lanka

Sri Lanka gazettes draft bill to establish Gambling Regulatory Authority

by Newsdesk
Sat 31 May 2025 at 06:03

A draft bill that would establish an official regulator for the Sri Lankan gaming industry, to be known as the Gambling Regulatory Authority, has taken another step forward after being gazetted. According to the Sri Lanka Mirror, the official announcement...

RGB International signs agreement to distribute KL Saberi and Atlas gaming machines

After record-breaking sales in 2024, Malaysia’s RGB sees 1Q25 profit fall to

by Newsdesk
Sat 31 May 2025 at 05:53

Malaysian gaming product distributor RGB International Bhd has reported group-wide revenue of MYR73.6 million (US$17.3 million) for the three months to 31 March 2025, down 65% year-on-year due to a lower number of products sold. The figure was also 79%...

Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

by Ben Blaschke
Fri 30 May 2025 at 06:42

Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased domestic and regional competition and the rise of online gambling across Asia for sustained flatness in the...

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

by Ben Blaschke
Fri 30 May 2025 at 05:38

Industry figures taking part in the Thai Entertainment Complex Roundtable (TECR) next Thursday 5 June hope to find common ground with those who oppose Thailand’s Entertainment Complex Bill, citing the opportunity to use an evidence-based approach to achieve outcomes that...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English