In a bid to bring relief to the region amid Covid-19 restrictions and regulatory changes, Macau casinos have been set a new “easy-to-reach” minimum revenue threshold.
Authorised Macau gaming companies will be required to generate a minimum of MOP$7m (US$870,000) per table, and MOP$300,000 per machine. It takes the total revenue threshold to MOP$45.6bn, similar to 2022 levels.
The Macau government has also confirmed that authorised operators in Macau can operate as many as 6,000 tables and 12,000 machines in total for 2023. With the government seeking tighter control over operators, this is the first time they have set strict limits on table numbers and a minimum income requirement. However, it does also seem as if the government recognises the challenges faced by operators after what has been a disastrous past three years.
Macau’s six casino operator licences – held by Galaxy Entertainment, Melco Resorts, MGM China, Sands China, SJM Holdings and Wynn Macau all expire by the end of this year. The deadline for submitting new licence bids is September 14th.