Genting has a good chance of getting Macau license

Genting has a good chance of getting Macau license

Macau’s government opened bids yesterday on Friday 16 September from seven companies, including a wildcard from Genting,

They bid 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 attended the opening including the city’s Economy and Finance secretary and secretary for Administration and Justice Andre Cheong.

All six Macau players, which also include Galaxy Entertainment, Melco Resorts, and SJM Holding, submitted bids ahead of a deadline on Wednesday together with GMM Limited, a holding company of Genting Group chairman Lim Kok Thay, which does not operate casinos in Macau.

GMM’s application was seen as a surprise to many executives and analysts, with some saying it posed extra uncertainty for local operators.

The founder of Macau Gaming consultancy said that Genting would have been encouraged to apply and would be a good fit given that they are the only operator of applicants with a strong background in theme parks.

And Genting bid on an opportunity to expand their business.

Genting tried to apply for a Macau license more than two decades ago but was not successful. Since 2020 it has begun construction on a hotel in the south of Macau’s main peninsula, which is slated to open later this year.

READ MORE

Online Casino Malaysia 2022

We know the difficulty of sourcing and finding the most trustworthy sites to play. Especially for newcomers to online casinos in Malaysia. Many misconceptions and uncertainty surround online casinos, ranging from their lack of security and transparency to the lack of information about payment methods and whether one can withdraw their winnings easily. 

Gamingsafe has painstakingly curated a list of trusted online casinos in Malaysia, especially for you. We take pride in helping users to enjoy the best out of their online gaming experience.

Latest News

Latest Game Reviews

Latest in e-Sports

Get The Latest Updates

Subscribe To Our Newsletter

Sign up for exclusive offers and latest news and receive them straight to your inbox.

Latest in Poker

Latest in Payments