Casino licence switch could mean all change for Macau

Asia's answer to Las Vegas is on the brink of change – and much of it could be good news for investors in its highly lucrative gaming industry.

Macau, the supercharged Asian city that left Las Vegas for dead in the Nevada Desert dust, is set to overtake oil-rich Qatar next year as the richest place on the planet in terms of per-capita GDP.

That's according to the IMF, no less.

The tiny semi-autonomous Chinese city of Macau, which relies on casinos to provide more than 70% of its GDP, stands on the edge of a new era one that gaming operators and investors hope will at least be as financially successful as the preceding one.

To all intents and purposes, the new era kicked off last Friday when...

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