While the companies have faced strong financial pressures due to the COVID-19 pandemic, there’s hope for Macao’s eventual return to pre-pandemic days of stellar casino revenue performance. The government’s announcement was good news for the Las Vegas companies, which over the years have invested billions of dollars in the only location in China where gambling is legal. The move comes after the companies committed to help diversify tourism in the Chinese enclave by investing in nongaming attractions such as theme parks and music venues. Macao’s special administrative region government announced Saturday that MGM Resorts, Las Vegas Sands, Wynn Resorts along with three Chinese rivals were awarded provisional approvals. Three Las Vegas-based companies got a welcome boost Saturday when the Macao government announced they had been granted provisional approval to continue operating casinos in the Chinese enclave for the next 10 years.
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