Macau Casinos To Invest Around $12 Billion Over Next 10 Years, Says Report
The bidding for new licences comes after China’s "dynamic zero COVID" policy hit the casino revenues over the past two years. Reports also suggest that gambling revenue is unlikely to pick up in the near future.
As per reports, Macau casinos is expected to invest around $12 billion over the next 10 years. Reportedly, Macau Casinos is vying to get license in the world's biggest gambling hub. Interestingly, the bidding for new licences comes after China’s "dynamic zero COVID" policy hit the casino revenues over the past two years. Reports also suggest that gambling revenue is unlikely to pick up in the near future.
Macau Casinos To Invest $12 Billion
Macau casinos expected to invest around $12 bln over next 10 years -media https://t.co/QI3crf0rAh pic.twitter.com/oOIUyMrBDV
— Reuters (@Reuters) November 14, 2022
(The above story first appeared on LatestLY on Nov 14, 2022 12:59 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
