Chief Executive, given consideration to the expository report submitted by the Tender Committee for Gaming Concession, especially the conclusion and proposal in the report, considered the tenders submitted by the following three bidders to be most favorable to the Macao SAR and has issued an administrative order this afternoon (8 Feb.) to grant the provisional concessions accordingly.
The three provisional concessionaires are:
-Sociedade de Jogos de Macau, S.A.
Main Shareholders: STDM Limited/;Dr. Stanley Ho
-Wynn Resorts (Macau) Limited
Main Shareholders: Mr. Stephen Alan Wynn/;Mr. Wong Chi Seng
-Galaxy Casino Company Limited
Main Shareholders: The Venetian
Lui Chi Wo Family of Hong Kong
Mr. Alfred Tsai & Peter Ho On Chun
According to Administrative Regulation number 26/2001, article 77, number 6, and number 24.4 of the tender regulation, the following bidders which ranked at the fourth, fifth and sixth places were also listed on the administrative order:
-MP Entertainment Company Limited
-MGM ¡V Grand (Macao) Limited
-Macau Star Limited
The Chief Executive's administrative order will published on the Official Bulletin on Monday (11 Feb.) and will become effective on the following day.
The Tender Committee will distribute the report to the 18 bidders. A summary of the report will also be publicized through the Government Homepage (http://www.macau.gov.mo).
The SAR Government will meet with the three provisional concessionaires individually, starting from 18 February. Negotiations concerning the concession contract would be started between the Tender Committee and the provisional concessionaires. The committee and representatives of the bidders will hold briefing on the investment plans after the first meeting.