• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

THE MACAU METRO MONITOR, FEBRUARY 19, 2014

INTERVIEW: MACAU GAMBLING LICENSE RENEWAL TERM OF 10 YEARS OR LESS HKEJ

The 6 gambling license holders may not be granted a renewal period of 10 years or more.  According to authoritative sources, because 3 of those 6 licensed are US-owned, the central government will be more focused on Sino-US relations.  This could be a deciding factor in giving licenses with a shorter period (e.g. 5 years).  One source said each of the 6 concessionaries will have their licenses renewed in 2020 and in 2022, and no new licenses will be issued.