GenM bid unsuccessful for Macau gaming concession


PETALING JAYA: Genting Malaysia Bhd (GenM) has confirmed that its bid was unsuccessful for a new 10-year gaming concession in Macau.

In a filing with Bursa Malaysia, the gaming group said it nonetheless would like to express its appreciation to the Macau Special Administrative Region government for the opportunity to participate in the bid process.

Genting Malaysia had about two months ago announced the submission of its bid via its indirect subsidiary GMM SA to the Macau government.

It was the surprise seventh bidder in the decades-long oligopoly of the six incumbent operators in that country.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Genting Malaysia , Macau , gaming , licence

   

Next In Business News

GIP SUPPORTS MALAYSIA AIRPORTS’ JOURNEY TO GLOBAL EXCELLENCE
UMW realigns strategies to promote growth
Asia ESG Positive Impact Consortium pledges sustainability
Nvidia’s gains leave investors wondering – to cash in or buy more?
Winning the digital game
Genting’s plans for diversification continue to gather momentum
Malaysia’s competitiveness set to improve further
IJM Corp secures two construction contracts worth RM962.3mil
KAB rides data centre wave
Agricore enhancing inventory levels to expand customer base

Others Also Read