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Macau casino giants win licence renewals, Malaysia’s Genting loses bid ...Middle East
HONG KONG: Macau said Saturday it has renewed the licences of its six major casino operators, with the city aiming for terms that would help diversify its economy away from gambling.The former Portuguese colony is the only territory in China where casinos are allowed, and it issues just six operating concessions for a multi-billion-dollar industry that, until the pandemic hit, was bigger than Las Vegas.The six current operators -- including the subsidiaries of Las Vegas giants MGM, Wynn and Sands -- had submitted renewal applications but a firm linked with Malaysian gaming and resorts giant Genting challenged the long-running oligopoly with a surprise bid.That attempt failed, however, as Mac
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