Macau’s six casino operators won new licences to continue running their businesses in the territory, but a company linked to Malaysia-based Genting Group failed in its attempt to gain entry to the major gaming hub.
The committee in charge of awarding new licences said on Saturday the government would discuss contract details with the winners later and settle on official agreements before the end of the year. The new licences, expected to take effect at the beginning of next year, are for a maximum term of 10 years, according to Macau’s gaming law.
