HONG KONG: Macau casino operators, vying for a licence in the world’s biggest gambling hub, are expected to invest a total of around 100 billion patacas (US$12bil or RM57bil) over the next 10 years, local broadcaster TDM reported.
The seven applicants, which include incumbents Sands China , Wynn Macau, Galaxy Entertainment, MGM China, Melco Resorts and SJM Holdings, as well as new entrant Genting (M) Bhd, are competing for six slots.
Negotiations with the Macau government are almost complete the broadcaster said, with the bidders having reached agreement about what each of them proposes to do over new 10-year licence term which begins in 2023.
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