HONG KONG, Jan 3 (Reuters) – As casinos in Macau begin new licenses to operate in the worlds biggest gambling hub on Jan. 1, the stakes are high on whether they will be able to successfully deliver on a government mandate to diversify away from their cash-cow: gambling.
For the last 20 years, Sands China (1928.HK), Wynn Macau (1128.HK), MGM China (2282.HK), Galaxy Entertainment (0027.HK), MGM China (2282.HK) and SJM Holdings (0880.HK), have raked in billions of dollars from their casinos in the Chinese special administrative region, turni…
Read the full article at: https://www.reuters.com/business/macau-casinos-deal-themselves-tough-hand-with-big-non-gaming-investment-pledges-2023-01-03/