Macau casino extensions leave big questions unanswered By Muhammad Cohen, Forbes March 15, 2019 at 7:40 pm Macau has finally taken a first step toward acting responsibly on gaming concession expirations, though the major items concerning expiration remain absolutely unclear. On Friday, the government announced it has extended the concession of SJM Holdings and subconcession of MGM China to June 26, 2022, aligning them with the expiration of privileges for the other four casino operators. What happens after that date is still anybody’s guess. Concessions for SJM and MGM were due to expire in March of next year, and the extension virtually eliminates the possibility that SJM’s concession could expire before it opens much delayed US$4.6 billion Grand Lisboa Palace in Cotai, now scheduled to open late this year. Ironically, first to expire SJM and MGM, which opened MGM Cotai in February last year, are the last concessionaires to establish Cotai outposts.