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The Wall Street Journal

American On line casino Giants Face Wild-Card Rival as Macau Opens License Bids



HONG KONG—On line casino operators in Macau have seen their fortunes slip as China’s “zero-Covid” coverage lower town off from many guests in recent times. Now the businesses face one other wild card: A shock challenger for town’s new playing licenses.

On Friday, the Chinese language playing hub of Macau opened bids for 10-year on line casino licenses, which can come into impact after the present ones expire on the finish of 2022. Now, seven corporations are vying for six accessible spots, after an affiliate of Genting Group headed by a Malaysian billionaire, submitted an sudden last-minute tender earlier than this week’s deadline.

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