Genting makes surprise bid for Macau gaming licence ...Middle East

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Genting makes surprise bid for Macau gaming licence
HONG KONG: A company controlled by Malaysian tycoon and Genting chairman Tan Sri Lim Kok Thay has put in a bid for a casino licence in Macau, a surprise challenge to the decades-long oligopoly of the six incumbent operators.The former Portuguese colony is the only territory in China where casinos are allowed, and issues just six operating concessions for a multibillion-dollar industry that, until the pandemic, was bigger than Las Vegas.Licences for the current operators -- including MGM China, Sands China and Galaxy Entertainment Group -- will expire at the end of the year, and they face plummeting revenues and heightened regulatory scrutiny from Beijing.The six operators all submitted bids

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