“The Macau government has conducted a comprehensive analysis and determined that horse racing operations have not yielded the intended socio-economic benefits,” said the secretary. “Following the expiration of the contract, there will be no further public tendering for the operation.
”Under the arrangements made by the two sides, which began their negotiations at the middle of last year, all the existing facilities and land currently possessed by the horse racing operator will then unconditionally return to the government.
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