@@ -1,1 +1,1 @@ - +<br>HONG KONG, June 15 (Reuters) - Macau's government will formally sign a six-month licence [https://www.gov.uk/search/all?keywords=extension extension] for casino operators in the world's largest gambling hub on June 23, local broadcaster TDM reported on Wednesday, an expected move ahead of licence expirations due this month.<br> <br>The extension, to Dec.<br>31, allows more time for a highly anticipated rebidding process in the Chinese special administrative region, the only place in China where gambling in casinos is legal.<br> <br>Macau's six casino operators - Wynn Macau, Sands China, MGM China, SJM Holdings, Galaxy Entertainment and Melco Resorts - had all applied for the licence extension. They will each need to pay 47 million patacas ($5. Should you beloved this information as well as you would like to be given more details with regards to [https://Corinspired.com/ corinspired.com/] generously pay a visit to our own site. 81 million) for the extension.<br> <br>The move also comes as the city's legislature is due to [https://Www.accountingweb.co.uk/search?search_api_views_fulltext=approve approve] an amended gaming law to lay the groundwork for what is required from multibillion dollar casino operators to continue operating in the former Portuguese colony.<br> <br>Macau's government did not immediately respond to requests for comment.<br> <br>In 2019 Macau raked in $36.5 billion from its casinos, more than six times that of the Las Vegas strip.<br> <br>Since 2020 however Macau's casinos have been slammed by coronavirus travel restrictions, which have curbed visitors, and crackdowns on the opaque junket industry.<br> <br>Beijing, increasingly wary of Macau's acute reliance on gambling, has not yet indicated how the licence rebidding process will be conducted.<br><br>(Reporting by Farah Master; Editing by Kenneth Maxwell)<br><br>adverts.addToArray({"pos":"inread_player"})Advertisement