Macau rejects Genting's licence proposal in favour of keeping the big six

Genting has missed out on one of Macau’s new concession licences following the announcement that all six of the province’s current operators retained the right to offer gambling in the region. Sands China, Galaxy Entertainment, MGM China, Wynn Macau, Melco Resorts and SJM Holdings are all breathing a sigh of relief at the award of the new licences – because if any had failed with their bids for the decade-long extensions, then ...