Macau Casino Concessionaires Pay $5.83M to Extend Licenses
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Macau is working hard to re-regulate its gambling industry. The region is extending existing gambling licenses until the end of the year. Concessionaires can expand their licenses for $5.83 million or MOP47 million.
Macau Casino Concessionaires pay $5.83M to extend their casino licenses. It is a significant reduction from the previously pitched MOP50M. MGM China and SJM Resorts had to pay about $25M in 2019 to have their operational licenses extended by another two years. Macau is looking to overhaul the way it regulates casinos.
Macau Casino Concessionaires pay $5.83M to extend their casino licenses. China is on the offensive against junkets that lure mainland citizens to gamble. Some of the biggest concessionaires in Macau have severed ties with junket operators. Satellite casinos are already shutting down for some prominent names in the Macao.
