Casinos in Macau, the Vegas of the East, have managed to renew crucial gaming licenses. But there's a hefty catch — they need to pump in $15 billion into non-gaming sectors.

Dec 19 2022 by Business Insider

 
Macau's economy has been battered by the COVID-19 pandemic.

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Macau's six casino operators pledged to invest nearly $15 billion in non-gaming sectors. In return for the investments, Macau's government has renewed their gaming licenses. This may put investors at east about the future of the gaming business, which is a key contributor to Macau's economy.

Casinos in Macau, also known as the Las Vegas of Asia, are starting their end of the year celebrations early this year — their...

Continue Reading Casinos in Macau, the Vegas of the East, have managed to renew crucial gaming licenses. But there's a hefty catch — they need to pump in $15 billion into non-gaming sectors.