Technical support issues
On 2023, to the Macau government that they would pay MOP750 per square meter for the first three years of their last 10-year concession agreement and the remaining seven would pay MOP2.500 per square meter to "rent the casino to their respective integrated resorts."
For the second and third base years, the required payment of MOP750 will be increased according to the Macau Average Price Index, and the required payment of MOP1.500 for the fifth to tenth base years will be the same index.
According to an SJM resort official, "The fee was returned to the Macau SAR government following the expiration of the 20-year concession period prior to December 31, 2022."
Discounts for the last 10 years:
The most recent 10-year concession agreement began on January 1, 2023, and five of the six concessions, excluding Galaxy Entertainment Group, have "agreed with the government to lease casino areas within integrated resorts operating over the next 10 years," the Hong Kong Stock Exchange said in a press release
In addition, the Galaxy Entertainment Group directly submitted a confirmation to IAG that its payment fee was the same as the other five conferences.
The fee will be paid every March.
Fees vary by operator:
An SJM resort official told a news conference on Friday: "Annual fees describing the casino area use of Casino Grand Lisboa, Casino Grand Lisboa Palace, Casino Lisboa and Zialai's Casino Oceanus will reach 69 million MOPs ($8.6 million) in one year (2023) and increase to 229.3 million MOPs ($28.7 million) in four years (2026). However, the second, third, and fifth to tenth years are indexed as already described above.
"We agreed to lease a total of 31,227.3 sqm in City of Dreams Macao, 28,784.3 sqm in Studio City, and 17,128.8 sqm in Altira, which represents an annual fee of $57.9 million ($7.2 million) in the first year of the new concession, and has increased to $4192 million in MOP.
"I am honored and grateful to receive the game pass from the Macau SAR government for 10 years.
"The company appreciates the guidance and guidance of the central government to ensure that Macau continues to integrate with mainland China.
Monday, September 18, 2023