Genting-linked firm bids for Macau gaming concession

GMM Limited, a company linked to Malaysian gaming tycoon Lim Kok Thay, submitted a bid today (Wednesday) for a new gaming concession in Macau, as the deadline for the public tender concludes this evening.

Local media outlets reported a Macau-registered company called GMM Limited tendered a bid this afternoon, besides the incumbent six gaming operators in the city.

According to the company’s registration document seen by MNA, GMM was incorporated in this September, and one of the administrative members of the company is Lim Kok Thay.

Mr Lim is the chairman of Genting Group, which operates casino resorts in Malaysia, Singapore and beyond. 

Ms Chan, a representative of GMM, confirmed to local media outlets this afternoon after submitting the bid that the company is linked to Genting Group.

GMM is “confident” in winning a Macau license and it hopes to “bring new impact” to the city, she said, adding Mr Lim could not come to Macau due to COVID-related travel restrictions.

The Macau government launched in late July a public tender for up to six 10-year gaming concessions that begin at the start of 2023, as the city’s current six gaming concessions and sub-concessions will expire by the end of this year.

Any interested parties can submit their bids by 5:45 pm today, including their proposals, relevant documents, and a deposit of at least MOP10 million (US$1.25 million).

Including GMM, a total of seven firms have so far tendered bids for the new gaming concessions.

{to be updated}