Macau Still Silent on Concession Tenders in Latest Policy Address
Ho Iat Seng, Macau’s chief executive, was questioned by local media Tuesday about the possibility of refreshing the city’s six gaming concessions, as well as the time line to complete the review. Just as he has done on numerous occasions when the topic has been raised, Seng continued to be tight-lipped and non-committal.
This is despite the fact that concessions are due to expire next June.
The Macau government had previously indicated that a new public tender process would be established in conjunction with the expiration of the existing casino licenses.
However, Macau’s gaming statute will have to be changed before such a process is possible. The government had previously stated its intention to complete this task before the end of the current quarter.
The comments were made following a policy address for the city outlining next year’s plans. Macau’s leader, when pressed about the concession renewals, only offered, “We are now compiling the opinions collected during the public consultation period” regarding the amendment of the gaming law. He added, “We need then to start the legislative process by submitting the bill to the Legislative Assembly.”
Future Gaming Laws Still Unclear
In the course of revising the gaming law, the Macau government held an open consultation to solicit opinions from operators, as well as the general public. The public consultation period lasted from September 15 to 29. However, two of the meetings were called off and no extension was permitted.
In Tuesday’s remarks to media, Ho stated that amendments to the gaming laws would be made in accordance with guidelines issued by the government back in September. The guidelines included nine key topics “that need attention.”
These subjects included the number of concessions needed, the term of any new concession period, new regulatory requirements that concessionaires should follow, the pre-vetting done by the government for operator shareholder dividends, and the introduction of government-appointed officials to monitor Macau operators.
On Tuesday, the chief executive did not provide a timetable for the city’s review of its gaming laws framework. He also did not say whether the revision would be completed prior to the expiry of the six gaming concessions in 2022.
“Once we complete the review of the gaming law, we will proceed with the [retender] process step by step. If the public tender cannot be done in time, there is an existing mechanism that allows for the extension,” Ho said.
Macau’s current gaming law, while it is awaiting a fresh tender, allows for an extension of existing licensures up to a maximum five-year limit from the original twenty-year term. Since late last year, many analysts have predicted that the extensions would be granted, as Macau has not completed its review of the new gaming laws.
Clarity Might Come Through MGS Summit온라인슬롯사이트
Discussions about proposed amendments to Macau’s gaming laws will be prominently discussed at this year’s MGS Macau Leisure Technology Summit. The summit will be held online this Wednesday.
The Summit is going to feature two sessions on gaming law revisions. Wang Changbin is the director and professor of Macao Polytechnic Institute’s Centre for Gaming and Tourism Studies, and will deliver a keynote address, “Into the New Era – Public Gaming Policy.”
Antonio Lobo Vilela, a Macau-based lawyer, will give another keynote speech, “Gaming Law & Casino Concessions in Macau.”
The topic will likely be raised during a panel discussion moderated by Professor Davis Fong that includes representatives from all six Macau operators.
The panel includes Sands China President Wilfred Fong, MGM China President and Chief Strategy and Financial Officer Kenneth Feng, Melco Resorts SVP and General Manager of Altira Macau and Mocha Clubs Raymond Lo, Galaxy Entertainment Group SVP of Public Relations Buddy Lam, Assistant Vice President of Research, Planning and Strategy for Wynn Macau and Wynn Palace Dr. Jason Ni, and Benjamin Toh, Chief Operating Officer – Finance & Development at SJM Resorts.
Romania’s Gambling Market Looks To Reinvigorate Activity카지노사이트
Comtrade Gaming has extended its relationship in Romania with SuperBet. The partnership is based on combining the operator’s proprietary sportsbook technology and Comtrade’s iGaming Platform, iCore, in Romania and Poland.
Three years ago, SuperBet’s sportsbook was transferred to Comtrade. The new agreement between the two companies will run until mid-2024. Comtrade’s iCore platform was created to streamline operations and provide the best possible player experience, and has found a niche market to serve.
Comtrade’s solution can be tailored to suit the specific needs of its partner operators. The company claims this allows it to increase player lifetime value and decrease churn.
“We are delighted to continue our partnership with SuperBet,” Steven Valentine, chief commercial officer of Comtrade Gaming, said. “They are Romania’s number one operator by a clear margin, they have a fantastic team, and we are proud to have played a part in their exponential growth since they migrated to us three years ago.”
Romania has a number of operators in the gaming industry, and SuperBet ranks among the most productive. According to Statista, the company saw revenue of approximately $135.72 million in 2019. This figure dropped last year due to COVID-19, falling to around $128.88 million.
The new initiatives being implemented by the company, and others, are designed to target those losses and breathe new life into the country’s gaming industry.
Romanian Gaming Market Expanding
SuperBet and Comtrade aren’t the only two companies working to get Romania’s gaming market moving strongly. According to a blog post on its website, Enteractive has struck a partnership with Fortuna Entertainment, a Tier-1 Central European betting group that has appointed the customer retention specialist to oversee its player reactivation campaigns.
Fortuna Romania and its subsidiary, Casa Pariurilor, will now be able to use Enteractive’s customer reactivation cloud platform. The integration will enable Enteractive’s native-speaking agents to better approach players and optimize Fortuna and Casa Pariurilor’s reactivation campaign optimization.
“Retention and reactivation are two essential terms for the iGaming industry, and many operators in this sector are seeing benefits in paying more attention to this. We’re excited to be working with such big brands in this emerging market, and to bring back churned players for Fortuna and Casa Pariurilor,” said Enteractive CBO Andrew Foster.
Fortuna’s priority has been to expand its footprint in Romania. In 2017, Fortuna acquired Casa Pariurilor from former CIS betting company Hattrick Sports.바카라사이트
“We’re keen to see how Enteractive’s expertise can bring back players that are otherwise hard to reach, and how this will affect our business in the long term. We see loyalty and retention as key factors in improving bottom-line revenues,” Fortuna’s head marketing officer Alexandru Tarog said.
Fortuna has appointed Enteractive to be the reactivation manager for Romania following a procurement review that looked at industry players’ retention system providers. The firm was recognized for running compliant reactivation campaigns for a number of clients in multiple jurisdictions. At the moment, it “reactivates more than 13,000 players per month for its clientele,” according to the company.
