MGM Grand Paradise Ltd. said on Saturday, November 26, 2022, that the Government of Macao Special Administrative Region granted it the provisional award of a new gaming concession1. The company announced the award in a press release in which it thanked the government for the decision1.
MGM Grand Paradise is the holding company's Macau operating entity. Its parent, MGM China Holdings Limited (HKEx: 2282), is majority owned by MGM Resorts International (NYSE: MGM), and MGM Grand Paradise, SA holds one of the six gaming concessions or subconcessions to run casino games in Macau1. The company operates two properties in the city: MGM MACAU, on the Macau Peninsula, with approximately 600 guest rooms and suites, and MGM COTAI in Cotai, which opened in early 2018 and offers approximately 1,400 hotel rooms and suites1.
The announcement carried the company's own words on the award:
"express our sincere gratitude to the Government of Macao Special Administrative Region for granting us the provisional award of new gaming concession"
The release did not state the length of the new concession, the fee payable, or the date the provisional award becomes final. Those details have not been reported in the announcement1. The release also did not name the other bidders or say how many provisional awards were made1.
What it means for players
Macau casino gambling operates under concessions granted by the SAR government, so the identity of the concession holders determines which properties can legally run casino games. MGM Grand Paradise's provisional award means its two Macau properties, MGM MACAU and MGM COTAI, remain within the licensed framework described in the announcement1. For locals, expats and visitors, the practical position is unchanged by this announcement alone: the release sets out no change to opening arrangements, game offerings or entry rules at either property1. Anyone checking whether a Macau operator holds a valid concession can read our guide to gambling regulators and licenses in Asia, and background on the market is in Can I gamble in Macau?.
What happens next
The release describes the award as provisional and does not give a date for the concession to be finalized or for any signing1. No further steps, conditions or deadlines were announced1.
