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,”<\/strong> said Ben Lee, founder of Macau gaming consultancy IGamiX, in an interview with Reuters<\/em>.<\/p><\/blockquote>\nGenting has the goods to support its Macau bid. Not only is the company financially sound, with ample access to capital markets, but it\u2019s a well-known operator in Asia-Pacific with a trait Macau authorities crave: Non-gaming prowess.<\/p>\n
As just one example, Genting\u2019s Resorts World Sentosa — one of two integrated resorts in Singapore — generated 35% of 2019 sales from non-gaming ventures, while the best percentage among Macau operators that year was 20%, according to Reuters.<\/em><\/p>\nIf Genting\u2019s In, Who\u2019s Out<\/h2>\n
Assuming Genting\u2019s Macau overture wins and an entrenched operator is displaced, that will stoke considerable debate as to what company will be sent packing.<\/p>\n
Some analysts believe it\u2019s too complex for Macau to replace an existing operator, no matter how compelling Genting\u2019s proposal is. That\u2019s stoking speculation Genting could enter the SAR via investment in a cash-starved existing concessionaire. There\u2019s no confirmation on that issue as of yet, but consensus appears to be that company would be Grand Lisboa operator<\/a> SJM Holdings.<\/p>\nIGamiX\u2019s Lee floated a more controversial idea in the Reuters <\/em>interview: Macau tossing not one, but two US-based operators. That trio consists of MGM China, Sands China and Wynn Macau.<\/strong><\/p>\nIf Macau authorities opted for that stunning path, it would almost certainly heighten geopolitical tensions between the US and China, while confirming that, at a minimum, two to four integrated resorts in the SAR would see a change in operational control. MGM China (two), Sands China (five) and Wynn Macau (two) combine to control nine Macau casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"
Earlier this month, Genting Malaysia stunned the gaming industry by entering Macau\u2019s upcoming retendering process. While the special administrative region\u2019s (SAR) update to gaming laws makes room for six concessionaires — the current number operating there — Genting\u2019s pursuit of a Macau casino permit is viewed as legitimate and something to monitor by analysts and […]<\/p>\n","protected":false},"author":46,"featured_media":235038,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[81913,81897],"acf":[],"yoast_head":"\n
Genting Macau Could Have Momentum, According To Analysts<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n