Genting Malaysia’s Macau casino bid has definitely been accepted according to gambling industry sources. The report from TDM-Radio Macau claimed that GMM S.A.’s license application was “definitively accepted” and that now seven casino operators will be vying for six casino concessions in Macau. GMM S.A. is a subsidiary of Genting Malaysia.
All Seven Casino Bids Are Being Reviewed
Genting is the only casino operator that wants to get a Macau gaming license but doesn’t operate in the former Portuguese colony. Interestingly, when the seven casino companies submitted their license bids on 14 September, reports said that six license applications were accepted, but Genting’s was only provisionally accepted, without giving any reasons why GMM’s bid was treated differently.
However, sources claim that Genting is now in the same boat as all the other casino operators. According to reports, Macau’s casino operators and Genting were notified by the Macau government that their applications were revisited a week ago, meaning they all had the same status.
Genting operates Resorts World and the SkyWorlds theme park. Macau authorities have been trying to make the gambling hub less reliant on casino revenue, and Genting’s diversified portfolio certainly makes the casino operator a favourite for that 10-year Macau gambling license.
Genting Would Operate from the Treasure Island Hotel in Macau
Days after submitting the casino bid, Genting said that Macau was a good opportunity for the company to “expand its business in the Leisure and Hospitality sector.” It would also create a better “geographical footprint” and help Macau’s gaming sector recover too.
The company added that as soon as there was “more clarity” regarding the Macau casino bid, they would “make appropriate announcements.”
If Genting gets one of those six licenses, it is expected that it would lease Treasure Island Hotel Macau, and would do that in time for the start of the gaming license on 1 January. Genting Hong Kong, Genting’s cruise ship division, owns 37.5 per cent of Treasure Island Hotel.
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