But unexpected bidder After submitting a seventh, alternate bid to Macau's well-established competitors, Genting was unsuccessful in obtaining one of the new concession licenses.
As a result, the properties managed by Sands China, MGM China, Melco Resorts, and Wynn will all remain in their own.
The corporations would have been required to surrender the casino land back to chinese government for nothing at the end of the year if any of the present license holders in Macau had been unsuccessful in their bids for a ten-year extension period.
As a result, the properties managed by Sands China, MGM China, Melco Resorts, and Wynn will all remain in their own.
The corporations would have been required to surrender the casino land back to chinese government for nothing at the end of the year if any of the present license holders in Macau had been unsuccessful in their bids for a ten-year extension period.