Melco Resorts — More about Macau’s Renewed Gambling Licenses

We have already covered the news about Macau having its gambling licenses renewed. Here are some details. The new license will be valid from January 1, 2023, during ten years.

According to the concession, Melco Resorts Macau can legally operate several casinos in the region. 750 gaming tables and 2,100 electronic gaming machines will be located in these gambling establishments.

The Melco Resorts operator has obliged to pay an annual premium to the Macau SAR worth over $3.7 million plus a variable amount calculated according to the number of gaming tables and electronic gaming machines available in the casinos. The special gaming tax is set at 35%. A small percentage of this sum will be contributed to a public fund, urban development, tourism promotion, and social security.