Travel

Genting Has “Strong Chance” for Macau Casino License

Author: Live Casino Direct
 
Genting Has “Strong Chance” for Macau Casino License
Wild Casino

Genting Group was a surprise entry into the bidding war for a Macau casino license two weeks ago. The group is headed by Malaysian Chinese billionaire Tan Sri Lim. The incumbents operating in Macao since 2002 are now facing the prospect of Genting taking their place.

Genting has a strong chance to win a Macau casino license. It has gaming properties in the US, UK, Malaysia, and Singapore. The company has also invested in non-gaming projects in China. The Macao casino industry is in a bidding war. There are seven applicants for six licenses. They include Sands China, MGM Resorts, Wynn Macaon, Galaxy Entertainment, Melco Resort, MJM Holdings.

Genting has a strong chance of getting a Macau casino license.

The pressure in the high-stakes license bidding game increased after shares in Macau casinos spiked.

Related
AP News

Macao awards casino licenses to MGM, Sands, Wynn, 3 others

BEIJING (AP) - Macao has tentatively renewed the casino licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals after they promised to help diversify its economy by investing in non-gambling attractions, the government said Saturday. The announcement is positive news for owners who have invested billions of dollars to build…
Travel
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
Seeking Alpha

Macau Casinos: Time To Place Your Bets

It used to be the world's biggest. It was so massive, and the second place was much so smaller in comparison that we can't even call them peer competitors. The gambling revenue of Macau was six times that of Las Vegas as of 2019. Then, COVID-19 happened, and Macau's gambling revenue fell nearly 80% over the next 2 years. Today, Macau's pandemic…
Travel
Macau Casinos: Time To Place Your Bets
Super Slots
Reuters

Analysis: Genting aims to upend Macau casino landscape in bidding war

HONG KONG, Sept 30 (Reuters) - Malaysian group Genting has emerged as a strong contender to unseat an incumbent Macau casino operator for a new license, analysts and executives say, unleashing possibly the biggest shakeup in the world's largest gambling hub in over two decades. Only six slots will be available for the seven applicants, Macau's…
Covid
Analysis: Genting aims to upend Macau casino landscape in bidding war
Bangkok Post

Macau casino bids include surprise

Malaysia's Genting challenges incumbents as licences up for renewal in world's top gambling hub People walk past Casino Lisboa in Macau. (Reuter File Photo) HONG KONG: The government of Macau opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licences to operate casinos in the world's biggest…
Covid
Macau casino bids include surprise
Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.
Rappler

Gambling giant Macau opens bids from 7 casinos, Genting a wildcard

RESORTS WORLD. Signage of Genting Malaysiau2019s Resorts World is displayed at its casino, hotel, and entertainment park in Genting Highlands, Pahang, Malaysia, September 16, 2022. Hasnoor Hussain/Reuters All six incumbent Macau players submit bids, together with GMM Limited, a holding company of Genting Group chairman Sri Lim Kok Thay HONG KONG -…
Covid
Gambling giant Macau opens bids from 7 casinos, Genting a wildcard
Malysiakini

Genting makes surprise bid for Macau gambling license

Macau's government opened bids today from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai Nong and Secretary for…
Law
Genting makes surprise bid for Macau gambling license
Malay Mail

Gambling giant Macau opens bids from seven casinos, Genting a wildcard

HONG KONG, Sept 16 - Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai…
Covid
Gambling giant Macau opens bids from seven casinos, Genting a wildcard
Bollyinside

Macau's gambling giant opens offers at seven casinos and one company may lose

HONG KONG, Sept. 16 (Reuters) - The Macao government opens offers from seven companies on Friday, including a wildcard from Malaysian operator Genting, for casino licenses at the world's largest gambling center, kicking off a closely watched battle over six available slot machines. Macao's top officials, including Lei Wai Nong's city's economic and…
Covid
RELATED LOCATION
Location Icon
Country
Macau
Location Icon
Country
China
Location Icon
Country
Malaysia
WHTC

Gambling giant Macau opens bids from seven casinos, with one firm to lose

HONG KONG (Reuters) - Macau's government opens bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary, Lei Wai…
Covid
World Casino News

Unexpected runner enters the Macau casino licensing race

In Macau and a company linked to the boss of prominent Asian gambling operator Genting Malaysia Berhad has reportedly applied for one of the enclave's coming ten-year casino licenses. According to a report from Inside Asian Gaming, Macau is home to almost 40 casinos run by a sextuplet that encompasses MGM China Holdings Limited, Wynn Macau…
Law
Unexpected runner enters the Macau casino licensing race
Vegas Slots Online

Malaysian Billionaire Makes Bid for Macau Casino License

Malaysian billionaire Lim Kok Thay, chairman of Malaysia's Genting Group, was confirmed as a bidder for a Macau casino license. raises doubt that all of the incumbent license holders will return Thay was the seventh candidate to enter the fold ahead of the Wednesday night deadline. There are only six license spots up for grabs, which raises doubt…
Travel
Malaysian Billionaire Makes Bid for Macau Casino License
The Arkansas Democrat

Macao casinos told to branch out

MGM Grand Macau casino resort is closed in Macao, Monday, July 11, 2022. Streets in the gambling center of Macao were empty Monday after casinos and most other businesses were ordered to close while the Chinese territory near Hong Kong fights a coronavirus outbreak. (AP Photo/Kong) BEIJING -- Losing money because of covid, the American casino…
Travel
Macao casinos told to branch out
RELATED CATEGORIES
Category Icon
Category
Travel
Category Icon
Category
Land-based
Category Icon
Category
Politics
CT Insider

'Las Vegas of Asia' tells casinos to grow beyond gambling

BEIJING (AP) - Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades and…
Covid
'Las Vegas of Asia' tells casinos to grow beyond gambling
Asia Times

Policy changes make Macau’s casinos a risky bet

Casino operators in Macau, once the world's largest gambling center, are facing serious challenges due to Beijing's decisions to tighten travel rules and clamp down on junkets. Macau's Court of Final Appeal on Monday ruled that operators and junkets organizers were jointly liable for client deposits in nine cases filed by VIP gamblers, who demanded…
Covid
Policy changes make Macau’s casinos a risky bet
SBNation

China's casino crackdown part of quest to transform Macau

To many investors, Macau's push to extend oversight over the world's largest gambling hub came as a shock, triggering a record selloff in casino shares. To long-term observers, however, it was just the latest move in China's grand plan to transform the $24 billion economy. For years, Beijing has been focused on trying to control an industry that's…
Incidents
China's casino crackdown part of quest to transform Macau
  • 18 plus
  • eCogra
  • Trusted Site
  • Game Care