Secretary for Economy and Finance Lionel Leong Vai Tac reaffirmed in the legislature’s hemicycle yesterday that the government plans to launch an open tender process for the granting of future gaming concessions, in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions.
Leong made the remarks when answering questions from several lawmakers, on the first day of a two-day Q&A session about his portfolio’s policy guidelines for next year.
The city’s six gaming operators are SJM, Wynn, Galaxy, Venetian, MGM and Melco. While SJM, Wynn and Galaxy are concessionaires, the Venetian, MGM and Melco are sub-concessionaires. The SJM concession and its sub-concession MGM will expire in 2020, while the others will expire in 2022.
Accompanied by officials under his portfolio, Secretary for Economy and Finance Lionel Leong Vai Tac (third from right) speaks during yesterday’s plenary session about his portfolio’s 2019 policy guidelines in the legislature’s hemicycle. Photo: GCS
