Macau extends casino licences for MGM China, SJM until 2022
[HONG KONG] Macau's government said on Friday it has extended casino concession licences for MGM China and SJM Holdings until 2022 in the world's largest gambling hub.
The government said both operators must pay 200 million patacas (S$33.5 million) each for the extension, which brings the expiry date for their casino operations in line with those of Macau's other four casino operators.
Shares of both MGM China and SJM were suspended on Friday.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action