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Macau Slot, Macau's only sports bet firm, gets licence renewal

Macau Slot Macau's only sports bet firm gets licence renewal

According to Macau's Official Gazette, Macau sports betting licensee Macau Slot Co Ltd will have its sports betting concession extended to June 5, 2021.



The currenct concession will expire next Sunday, June 5, 2016. This included football and basketball. Macau Slot is part of the business empire built by Stanley Ho Hung Sun, founder of Macau casino operator SJM Holdings Ltd.



Macau Slots has a monopoly on all sports betting in Macau, except the betting on horseracing, where the concession is held by Macau Horse Racing Co Ltd. Macau Slot's business sector generated gross revenu of MOP673 million (which is approximately US$84 million) in 2015, which was 8.6 percent less than in 2014.