Genting aims to upend Macau casino landscape in bidding war

Pkv Games Poker OnlineGenting´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.

Given the success of Prime Day each year, we’ve seen regular rumors that Amazon could move to a twice-a-year format in order to juice sales in the summer and the fall. Therefore, it’s not surprising to see Amazon try to get out ahead of the competition before the Black Friday sales kick off in November.

On Monday, however, the former England captain had an appointment with a very different kind of ‘spice girl’: a 60-year-old woman whose homespun entrepreneurship has made her an icon for progressive women throughout the Middle East.

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)

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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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Outside the stadium, I met a 33-year-old Ghanaian tarmacking a jogging track encircling one of the training pitches — one of many last-minute tasks that must be completed before November 20, to show Qatar in the best light.

Only six slots will be available for the seven applicants, Macau´s government has said, as Genting Malaysia goes head-to-head with the six concessionaires Sands China, Wynn Macau, Poker Pkv Galaxy Entertainment, MGM China , Melco Resorts and SJM Holdings as their concessions expire at year-end.

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«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.

Prime Day soon became a version of «Black Friday in July» for Amazon, allowing the retailer to have a branded 48-hour shopping extravaganza in an otherwise sleepy retail season. Unlike Black Friday, however, the Prime Day branding lets Amazon differentiate its summer sale from competitors while selling Prime memberships and Amazon-branded hardware such as Echo speakers and Fire tablets, which encourage customers to stay in the Amazon ecosystem. The fact that the sale also allows Amazon and its partners to clear out inventory and warehouse space ahead of the holiday shopping season doesn’t hurt, either.

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.

If an incumbent loses their license, they must return the casino area to the government for free at the end of this year, making it financially unviable to operate the remaining facilities as gambling accounts for 80-90% of total revenue.

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.

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?

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.

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.