The neon lights of Macau casinos, which together are estimated to be seven times the size of Las Vegas in annual revenue. SJM Holdings’ Casino Grand Lisboa (left) and the Casino Lisboa stand next to the Wynn Macau casino. Photo: Bloomberg
Macau extends gambling licenses for SJM and MGM China until 2022 to synchronise expiry date of all six casino concessions
- With the extension, the casino concessions of SJM and MGM China would be synchronised with Sands China, Wynn Macau, Galaxy Entertainment and Melco Resorts
- SJM and MGM China each has to pay the Macau government 200 million patacas (US$24.7 million) for the extension
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Macau
The neon lights of Macau casinos, which together are estimated to be seven times the size of Las Vegas in annual revenue. SJM Holdings’ Casino Grand Lisboa (left) and the Casino Lisboa stand next to the Wynn Macau casino. Photo: Bloomberg