Genting Malaysia has confirmed that its bid for a Macau gaming concession was unsuccessful.
In a filing with the Malaysian bourse, the group noted that ‘nonetheless, Genting Malaysia would like to express its appreciation to the Macau SAR Government for the opportunity to participate in the bid process’.
This is the second time that Genting has failed in its bid for a Macau concession, having also participated in the license tender 20 years ago.
Genting was a late entrant into the tender for Macau’s six gaming concessions, facing steep competition given that the other six contenders had been operating in Macau for 20 years.
The government’s strong focus on non-gaming contributions and ensuring stable employment for the current six operators are said to have been the determining factors in the concession allocation.
Genting has not indicated whether it intends to seek out a partnership with the six operators who were awarded provisional concessions, with speculation over its intentions for the Macau market.
