Buying Wynn could be Genting’s jackpot opportunity

Genting Bhd chairman Tan Sri Lim Kok Thay has never quite gotten over losing out on a Macau casino licence.

The Malaysian gambling and resorts group failed to win a permit when the territory opened its casino market in 2002, and an attempt to set up a venture with gaming mogul Stanley Ho went nowhere. The company would love to operate in Macau “but the door’s closed,” Lim told Bloomberg News in a 2013 interview. “When it next opens, we would be the first one knocking on that door and try our luck.”