People walk past Casino Lisboa in Macau. The new casino licences are expected to begin in 2023 and are crucial for the six incumbents to keep operating their multi-billion dollar properties. They have collectively invested some US$40 billion in Macau since casinos were liberalised more than 20 years ago. The bidding comes as Macau casinos have been slammed by ongoing Covid curbs and travel restrictions. Genting will still be able to operate its hotel resort even if it does not win a new casino licence, according to Macau laws.
