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Macao to cut length of gaming concessions in half

City to keep casino operators at six, but reduce license term to 10 years

Investors have been anxious for Macao to clarify whether it will change how many casino companies will be allowed to operate or alter key concession terms.   © AP

HONG KONG -- Macao plans to halve the duration of casino operating rights when it awards new gaming concessions, the government announced on Friday.

The existing rights of the six companies that operate casinos in what until COVID was the world's top gambling hub are due to expire in June.

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