Genting Aims To Upend Macau Casino Landscape In Bidding War

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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.

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)

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If an incumbent loses their license, they must return the casino area to the government for free at the end of this year, making it financially unviable to operate the remaining facilities as gambling accounts for 80-90% of total revenue.

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But what, then, of Gary Neville, another of his former Manchester United cohorts, who was also revealed this week to have leapt into bed with the Qataris by signing a deal to be a World Cup pundit on its state-run sports channel?

"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.

Outside the stadium, I met a 33-year-old Ghanaian tarmacking a jogging track encircling one of the training pitches — one of many last-minute tasks that must be completed before November 20, to show Qatar in the best light.

Soon his wife, Victoria, will join him, lending her presence to a prestigious fashion competition for talented young Arab designers, chaired by her friend Sheikha Al- Mayassa bint Hamad bin Khalifa Al Thani, the sister of Qatar's ruling emir.

Genting´s strong non-gaming track record, including operating two of the largest theme parks in southeast Asia, would be a big draw for Beijing which has been urging Macau to diversify away from gambling and attract foreign tourists.

At the Al Wakra Souq Hotel, where the England team will stay during the tournament, one of Beckham's many adorers — a Qatari businessman — told me he was even prepared to forgive him his 65 tattoos, though decorating one's skin goes against Islamic teaching.

It would cause "far too much disruption" if any of the six operators were replaced, said Terry Ng, an analyst at Daiwa in Hong Kong, although other industry watchers note the incumbents have left themselves vulnerable to an operator like Genting which lost out on a Macau licence in 2002.