Your Daily Asia Gaming eBrief: Macau concessionaires to face $12.5bln investment for license

Good morning. Negotiations for Macau's next casino concessions are ratcheting up, with a new report indicating that concessionaires will be obliged to invest $12.5 billion over the course of their new 10-year licenses. The news comes as authorities in the SAR adjust down their quarantine requirements, to five days, a move that the head of the Macau Hotel Association says will have no impact on visitation. Also, authorities are claiming that a criminal syndicate allegedly run by former Suncity boss Alvin Chau raked in $920 million in gains from proxy betting from 2017 to 2020, using Philippines and Vietnam operations.

What you need to know

• Macau's casino concessionaires are each facing investment of $12.5 billion over the 10-year period of their new concessions, according to a report.
• Authorities are alleging that a criminal syndicate allegedly run by former Suncity boss Alvin Chau made $920 million in gains from proxy betting from 2017 to 2020.
• Hotel Association president says new Macau quarantine reduction to five days will not drive up visitor numbers.

On the radar

• Aristocrat appoints Sally Denby as new Chief Financial Officer.
• IPI claims casino could reopen in 1Q23 if negotiations are successful.

AGB Intelligence

MACAU

Ten-year $12.5bln investment for new Macau concessions

Industry Updates

• Asia Pacific Poker Tour crowns its inaugural Cambodia champion.
• iGB Affiliate London 2023 will be the biggest on record, say organizers.

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