Macau keeps casino licences limited to six, halves duration

The former Portuguese colony is the world’s biggest gambling hub in terms of money wagered.

HONG KONG: The number of new casino operators allowed to operate in Macau, the world’s largest gambling hub, will continue to be limited to six concessionaires but their operating period will be halved to 10 years, the government says.

The announcement, which has been long awaited by casino executives, investors and analysts, puts an end to concerns that the government would change the status quo for the number of operators in the Chinese controlled territory.