Subconcession definition
Subconcession means any subconcession for the operation of games of chance and other games in casinos in the Macau SAR granted by the Company under the Concession Contract with the approval of Macau SAR and in accordance with paragraph 17 of Part B of Schedule 5 (Covenants).
Subconcession means the trilateral agreement dated 8 September 2006 entered into by and among the Macau government, Xxxx Resorts (Macau), S.A. (Xxxx Macau) (as concessionaire for the operation of casino games of chance and other casino games in Macau, under the terms of a concession contract dated 24 June 2002 between Macau and Xxxx Macau, as amended on 8 September 2006) and the Subconcessionaire, comprising a set of instruments from which shall flow an integrated web of rights, duties and obligations by and for all and each of Macau, Xxxx Macau and the Subconcessionaire, pursuant to the terms of which the Subconcessionaire shall be entitled to operate casino games of chance and other casino games in Macau as an autonomous subconcessionaire in relation to Xxxx Macau, including any supplemental letters or agreements entered into or issued by the Macau government and the Subconcessionaire from time to time, and including any replacement concession or subconcession for the operation of casino games of chance and other casino games in Macau.
Subconcession means the trilateral agreement dated 8 September 2006 entered into by and between Macau SAR, Xxxx Resorts (Macau), S.A. (“Xxxx Macau”) (as concessionaire for the operation of casino games of chance and other casino games in the Macau SAR, under the terms of a concession contract dated 24th June 2002 between the Macau SAR and Xxxx Macau) and the Company comprising a set of instruments from which shall flow an integrated web of rights, duties and obligations by and for all and each of the Macau SAR, Xxxx Macau and the Company (the nominative administrative contract known as the subconcession contract for the operation of casino games of chance and other casino games in the Macau SAR, executed by Xxxx Macau and the Company, to be the most significant instrument thereof), pursuant to the terms of which the Company shall be entitled to operate casino games of chance and other casino games in the Macau SAR as an autonomous subconcessionaire in relation to Xxxx Macau, and including any supplemental letters or agreements entered into or issued by Macau SAR and any member of Group or MPEL.
Examples of Subconcession in a sentence
The parties agree that any gaming venture established in Macau S.A.R. shall be carried on by or through Melco PBL Gaming pursuant to the terms of the Subconcession.
The provisions of paragraphs 1 and 2 of Article 21 are applicable to the act of granting the management power of the Subconcessionaire for the first time to the managing director after the conclusion of this Subconcession Contract.
Upon the redemption of the concession, the Subconcessionaire shall have the right to obtain reasonable and fair compensation/indemnity for losses due to the redemption of its Resort — Hotel — Casino facilities referred to in the Investment Plan attached to this Subconcession contract.
Standards for the calculation of the amount of compensation/indemnity shall be determined according to the amount of the revenue of the said premises, generated during the tax year prior to the redemption, before deducting any amounts for interests, depreciation and redemption of equipment, multiplied by the number of years missing to the term referred to in this Subconcession contract.
From the 15th year of the Subconcession onwards, the government may redeem the subconcession by at least one year prior notice to the Subconcessionaire sent by registered post with return slip request unless the laws stipulate otherwise.
More Definitions of Subconcession
Subconcession means the trilateral agreement dated September 9, 2006 entered into between the government of the Macau SAR, Xxxx Resorts (Macau), S.A. (as concessionaire for the operation of casino games of chance and other casino games in Macau, under the terms of the concession contract dated June 24, 2002 between the government of the Macau SAR and Xxxx Resorts (Macau), SA, and Melco Crown Gaming.
Subconcession means the contract for the operation of games of chance and other casino games in Macau dated 8 September 2006 and entered into by Wynn Resorts (Macau), Limited and Melco Crown Gaming (Macau) Limited.
Subconcession means the contract for the operation of games of chance and other casino games in Macau dated 8 September 2006 and entered into by Xxxx Resorts (Macau), Limited and Melco Crown Gaming (Macau) Limited;
Subconcession. “Subconcession Contract” or “Subconcession agreement” ............................... the tripartite Subconcession Contract for the operation of casino games effective December 26, 2002 among Galaxy Casino S.A., the Macao government and VML “Subconcessionaire(s)” the holder(s) of a subconcession for the operation of casino games in Macao “table games” ............................... typical casino games, including card games such as baccarat, blackjack and hi-lo (also known as “sic bo”) as well as craps and roulette “The Londoner Macao” .................... an integrated resort which currently features four hotel towers, consisting of hotel rooms and suites under The Londoner Macao Hotel, Londoner Court, Xxxxxx, Sheraton and St. Regis brands. The Londoner Macao also includes gaming areas, Shoppes at Londoner, entertainment, dining and MICE facilities. It was formerly named “Sands Cotai Central” “The Parisian Macao” an integrated resort that includes a gaming area, a hotel, Shoppes at Parisian and other integrated resort amenities “The Plaza Macao”......................... an integrated resort which includes (i) Four Seasons Macao;(ii) the Plaza Casino gaming area operated by VML; (iii) the Paiza Mansions, Shoppes at Four Seasons, restaurants and a spa, each of which are operated by us; and (iv) The Grand Suites at Four Seasons, which features 289 premium quality suites, except where the context indicates otherwise “The Venetian Macao” The Venetian® Macao-Resort-Hotel, an integrated resort that includes casino and gaming areas, a hotel, MICE space, Shoppes at Venetian, restaurants and food outlets, a 15,000-seat arena and other entertainment venues “Trustee” U.S. Bank National Association “United States,” “U.S.” or “U.S.A.” the United States of America, including its territories and possessions and all areas subject to its jurisdiction “Unregistered 2023 Notes” the series of senior unsecured unregistered notes of US$1.80 billion of 4.600% senior notes due August 8, 2023 issued by the Company on August 9, 2018 (HKSE Note Stock Code: 5140), the outstanding principal amount of which is US$104,150,000 following the exchange offer of the Company to exchange these notes for an equal principal amount of Registered 2023 Notes “US$” or “U.S. dollars” United States dollars, the lawful currency of the United States “Venetian Casino” ......................... Venetian Casino Resort, LLC, a company incorporated in Nevada, “VIP player(s)” Rolling Chip players who play al...
Subconcession means the binding trilateral agreement to be entered into by and between Macau SAR, Wxxx Macau (as concessionaire for the operation of casino games of chance and other casino games in the Macau SAR, under the terms of the 24th June 2002 concession contract by and between the Macau SAR and Wxxx Macau) and the Borrower, comprising a set of instruments from which shall flow an integrated web of rights, duties and obligations by and for all and each of the Macau SAR, Wxxx Macau and the Borrower (the nominative administrative contract known as the subconcession contract for the operation of casino games of chance and other casino games in the Macau SAR, executed by Wxxx Macau and the Borrower, to be the most significant instrument thereof), pursuant to the terms of which the Borrower shall be entitled to operate casino games of chance and other casino games in the Macau SAR as an autonomous subconcessionaire in relation to Wxxx Macau.
Subconcession means the binding trilateral agreement entered into by and between the Macau S.A.R., Xxxx Resorts (Macau) Limited (as concessionaire for the operation of casino games of chance and other casino games in the Macau S.A.R., under the terms of the 24th June, 2002 concession contract by and between the Macau. S.A.R. and Xxxx Resorts (Macau) Limited) and Melco Crown (Macau), comprising a set of instruments from which shall flow an integrated web of rights, duties and obligations by and for all and each of the Macau S.A.R., Xxxx Resorts (Macau) Limited and Melco Crown (Macau) (the nominative administrative contract known as the subconcession contract for the operation of casino games of chance and other casino games in the Macau S.A.R., executed by Xxxx Resorts (Macau) Limited and Melco Crown (Macau), to be the most significant instrument thereof,) pursuant to the terms of which Melco Crown (Macau) is to exploit casino games of chance and other casino games in the Macau S.A.R. as an autonomous subconcessionaire in relation to Xxxx Resorts (Macau) Limited. Subsidiary has the same meaning as in Section 15 of the Companies Ordinance (Chapter 622 of the laws of Hong Kong).
Subconcession means a concession agreement entered into between a developer and an occupant;