GMA quoted in GGB News

GMA quoted in GGB News

Amid Macau Concession Tenders, LVS’ $6 Billion Asia Play

by James Rutherford

The timing of Las Vegas Sands’ sale of its U.S. assets couldn’t be better in light of the Macau government’s announcement that it will stick to the June 2022 deadline for re-tendering the territory’s six casino concessions.

A public consultation on the government’s plans for new licenses will be conducted in the second half of this year. That’s according to Macau’s Secretary for Finance and Economy Lei Wai Nong, who also said that the draft of a new gaming law to guide the process will be ready for review by the territory’s Legislative Assembly in the fourth quarter.

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