Genting Aims To Upend Macau Casino Landscape In Bidding War
Crowds gathered at the Rogers Centre on Sunday to watch the Toronto Blue Jays take on the Boston Red Sox, and while fans expected a great game, what they didn't expect was to see a marriage proposal go south.
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.
"Macau has been told over and over again to focus less on Chinese VIPs and more on non-gaming but they pretty much paid lip service to that idea. So now... they have to really make a hard divert to that philosophy," Yin said.
The Malaysian group's multiple non-gaming investments in China, including a prominent ski resort that was used for the Beijing 2022 Winter Olympics, are also likely to bolster its chances, analysts said.
Jay Bothroyd received a cap in 2010 while playing for Cardiff while David Nugent got one in 2007 while at Preston. But it will be a huge surprise when the day comes again that an outfield player from outside the top division gets selected for England at a major tournament.
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Only six slots will be available for the seven applicants, Macau´s government has said, as Genting Malaysia goes head-to-head with the six concessionaires Sands China, Wynn Macau, Galaxy Entertainment, MGM China , Melco Resorts and SJM Holdings as their concessions expire at year-end.
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Imagine a current Wigan Athletic player receiving his first England cap while playing in League One last season. Then imagine the same player getting called up for the World Cup while playing in the second tier after promotion.
Genting "can offer the Macau government whatever they expressly said they wanted," versus the incumbents who have predominantly focused on Chinese VIPs, said Samuel Yin Shao Yang, an analyst at Maybank.
The report noted that state governments already find it "difficult to implement and monitor geo-fencing measures" to ensure that no user in their region is accessing an illegal forms of gambling or gaming.
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A 2020 report by Indian trade group FICCI and Pkv Games consulting firm EY stated that of 65 billion Indian rupees ($817 million) garnered by online gaming industry the previous year, transaction-based gaming, including real-money, contributed 71%, or 46 billion rupees.
He scored his first against Scotland in May 1989, before adding two more in a friendly against the old Czechoslovakia, before scoring against Tunisia which ultimately convinced Bobby Robson to take a gamble on the Wolves star.
A shortened license period of 10 years from 20 years is also not a problem, Song said, as the government would re-allocate facilities and resources to Genting if it won a license, so they "don´t actually need to build everything from the ground." ($1 = 7.8498 Hong Kong dollars) (Reporting by Farah Master Editing by Shri Navaratnam)
