How many spins are in a 900?

The bidding for new licences comes as China's "dynamic zero COVID" policy has hammered casino revenues over the past two years, and despite some relaxation of travel restrictions for mainland visitors, gambling revenue is unlikely to pick up in the near term, say analysts. ($1 = 8.0740 patacas) (Reporting by Farah Master; Editing by Kenneth Maxwell)

2 and 1/2 spins in a 900

HONG KONG, Nov 14 (Reuters) - Macau casino operators, vying for a licence in the world's biggest gambling hub, are expected to invest a total of around 100 billion patacas ($12.4 billion) over the next 10 years, local broadcaster TDM reported.

In a post on LinkedIn, Charles Carmakal, chief technology officer at Mandiant Intelligence, called Scattered Spider 'one of the most prevalent and aggressive threat actors impacting organizations in the United States today.'

Scattered Spider primarily relies on social engineering to trick human targets into sharing their login credentials, such as through phony password resets, the security firm Crowdstrike said in a blog post in January. 

Caesars has not suffered any disruptions in its customer operations, unlike MGM, which appears to have refused all ransom demands and continues to grapple with the fallout four days after the attack began. 

Gaming giant Caesars Entertainment has confirmed it was breached by hackers, in an attack apparently perpetrated by Scattered Spider, the same ransomware gang that incapacitated systems at rival MGM Resorts International.

The gang, also known as UNC3944, has hit telecom and business process outsourcing companies in the past, but more recently also targeted critical infrastructure organizations, according to analyst reports. 

The seven applicants, which include incumbents Sands China , Wynn Macau, Galaxy Entertainment, MGM China, Melco Resorts and SJM Holdings , as well as new entrant Genting Malaysia, are competing for six slots.

Negotiations with the Macau government are almost complete the broadcaster said, with the bidders having reached agreement about what each of them proposes go to www.ibmp.ir do over new 10-year licence term which begins in 2023.

Referring to MGM, he added: 'One company seems not to have paid, and is dealing with significant and ongoing disruption as well as a barrage of speculative media reporting based almost entirely on claims made by criminals.

Ransomware gangs operate by infiltrating target organizations and encrypting their IT infrastructure, demanding payments which can run in the tens of millions of dollars in exchange for the encryption keys to restore access. 

In its public disclosure, Caesars did not explicitly acknowledge making a ransom payment, but alluded to unspecified 'steps' it has taken 'to ensure that the stolen data is deleted by the unauthorized actor.'

Malaysian group Genting is a credible threat that could unseat an incumbent Macau operator for a new licence, prompting the industry's biggest potential shakeup in more than two decades, analysts and executives say.

In a regulatory filing on Thursday, Caesars said it had identified the breach by September 7, just days before a separate ransomware attack on MGM knocked slot machines offline and disrupted other systems.