MACAU - JULY 29: A general view of the Casino strip on July 29, 2013 in Macau, Macau. Macau, the only place in China with legalized casino gambling is booming. Gambling has been legal in Macau for more than 150 years but has seen a rapid transformation over the last decade from the small time gambling clubs, gangs and prostitution of the 1990s, to becoming the worlds gambling mecca. Last year, Macau generated $38 billion in casino revenue, six times more than Las Vegas, Nevada. Situated just one hour from mainland China and Hong Kong, Macau also known as "The Oriental Las Vegas " received 14.1million visitors for the first six months of this year, in the most recent Statistics and Census Bureau report, with close to 90% of visitors being from mainland China, Taiwan and Hong Kong. Although the gambling industry has improved general living standards across Macau, it is not without it's downside. With the influx of big money also comes, higher living costs, with some residents saying issues such as transportation, health care and social welfare have largely been ignored. Property prices have increased dramatically, forcing many small and mid-sized businesses into bankruptcy and pushing some residents to share accommodation or move away completely. (Photo by Chris McGrath/Getty Images)

BEIJING (AP) — The American casino giants that helped make Macao the “Las Vegas of Asia” are losing money due to COVID and travel restrictions. Now, they face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by building theme parks and other attractions. The former Portuguese colony is aligning with official strategy on China’s mainland, where foreign companies are required to help pay for the ruling Communist Party’s development ambitions. The licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals expire in December. Rules released in early July say any that want to operate over the next 10-year period must invest in “non-gaming projects.”