Probe of subconcession process urged

 

The New Macau Association, a major pro-democracy party, called for an investigation of government officials involved in granting gaming subconcessions. Following a call by Jason Chao, the group’s president, for the release of relevant documents, the government moved to publish the subconcession contracts online with the permission of the casino operators. Chao said the subconcessions creation was irregular but Francis Tam, secretary for economy and finance, defended the government’s actions. 

The subconcessions were originally created to keep Las Vegas Sands Corp. in Macau after its partnership with Galaxy Entertainment Group Ltd. collapsed in the months after the government awarded three concessions. MGM China Holdings Ltd. and Melco Crown Entertainment Ltd. and  subsequently purchased subconcessions from SJM Holdings Ltd. and Wynn Macau Ltd. respectively.