Six Macau casino businesses agreed on Friday to invest a total of 118.8 billion patacas (US$15 billion) after being granted 10-year operating licences, with the bulk of the money pledged to non-gaming projects.
The former Portuguese colony is the only place in China where casinos are allowed, and issues just six operating concessions for a multi-billion-dollar industry that, until the pandemic hit, was bigger than Las Vegas.
