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The winners in bidding for Macao's new casino licenses include Stanley Ho's Macao Tourism and Amusement Company (STDM), Wynn Resorts (Macao) Limited, a US-Macao joint venture, and Galaxy Casino Company Limited, a Hong Kong-Macao joint venture.
This was announced by Francis Tam Pak Yuen, secretary for economy and finance of the special administrative region (SAR) government, in Macao yesterday afternoon.
The three came out of 18 short listed companies.
The SAR government has been mooting over the capacity of the bidders since it posted rules on tenders in October and accepted 21 bidding papers in November, in an ambitious move to optimize casino business and spur economy.
(eastday.com February 9, 2002)
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