At a time when Macau casinos just started operation under their new licenses as of January 1st, 2023, the stakes on whether they will manage to successfully deliver on the gambling hubs Government mandate to diversify their offerings with non-gambling services remain high.
For the past two decades, the casinos of Wynn Macau, SJM Holdings, Sands China, MGM China, and Galaxy Entertainment have generated billions of dollars in the special administrative region (SAR), turning Macau a once small fishing village into the largest gambling hub on a global scale.
As CasinoGamesPro has already reported, the new 10-year operating permits have been issued at a time when gambling revenues of Macau have been significantly reduced by the restrictio…
Read the full article at: https://www.casinogamespro.com/2023/01/03/macau-casinos-will-probably-face-difficulties-to-deal-with-non-gaming-investment-requirements-linked-to-new-licenses