Macau Casino Operators Gain on Proposed Law Changes, Seen as a 'Strong Positive Catalyst' for Sector
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Macau keeps casino licences limited to six, halves duration
January 14, 2022 4:45 AM ESTBy Farah Master
HONG KONG (Reuters) -The number of new casino operators allowed to operate in Macau, the world's largest gambling hub, will continue to be limited to six concessionaires but their operating period will be halved to 10 years, the government said on Friday.
The announcement, which has been long awaited by casino executives, investors and analysts, puts an end to concerns that the government would change the status quo for the number of operators in the Chinese controlled territory.
The former Portuguese colony is the world's... More
