Shocking Views Of Qatari Teacher Who Acted As Beckham apos;s Interpreter
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Every man has his price, as Sir Robert Walpole is reputed to have said, and richer men than Beckham, 47, would doubtless have been drawn in by the offer of £150 million. But why were the Qataris so eager to hire his services?
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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.
If one of the incumbents lost their license it's likely to send tremors throughout Macau´s gambling industry as the companies have collectively invested more than $50 billion in the past two decades, are tied closely to the economic fortunes of the former Portuguese colony and employ tens of thousands of people.
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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.
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'And it's nice when I walk down the hallway and I hear, 'Waddup Beast?" For whatever reason, he calls me 'Beast' all the time. I don't think I give off the beast vibe, but and we'll just take it day by day.'
"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.
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.
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"They have a strong chance to topple one of the incumbents...and Genting would have been encouraged to come in. With their background it makes a lot of sense," said Ben Lee, founder of Macau gaming consultancy IGamiX.
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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)
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.
Beside them London's Docklands — now 50 per cent Qatari owned — would look like a Lego model. Almost all the 3 million population — some 90 per cent of whom are poor migrant workers — live in and around the capital, and the emirate is growing at an astonishing rate, eyed suspiciously by Saudi Arabia, the only country with which Qatar shares a border.