{"id":34522,"date":"2022-10-18T08:16:48","date_gmt":"2022-10-18T11:16:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34522"},"modified":"2026-04-23T03:51:29","modified_gmt":"2026-04-23T06:51:29","slug":"gmm-now-unconditionally-accepted-for-macau-tender-process","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gmm-now-unconditionally-accepted-for-macau-tender-process","title":{"rendered":"GMM now “unconditionally” accepted for Macau tender process"},"content":{"rendered":"\n

The committee overseeing Macau\u2019s gaming concession retender has updated GMM Limited’s status from “conditional” to “unconditional”.<\/p>\n\n\n\n\n\n\n\n

Macau.- GMM Limited, the only bidder not already operating casinos in Macau, has now had its bid for a licence unconditionally accepted. That means there are seven contenders in the contest for six casino licences in Macau.<\/p>\n\n\n\n

GMN, the only outsider to have applied for the retender process, had previously been “conditionally accepted”<\/a>, suggesting that certain documents may have been lacking due to circumstances beyond its control. However, its status has now been updated.<\/p>\n\n\n\n

As a result, the committee overseeing the public tender has now accepted seven bids for up to six, 10-year gaming concessions<\/a>. It is expected that the new concession term will begin on January 1, 2023.<\/p>\n\n\n\n

GMM Limited<\/strong> is linked to Lim Kok Thay, chairman of Genting Group<\/strong>, which operates casino resorts in Malaysia, Singapore and elsewhere. Its bid was a surprise and many analysts believe it is unlikely that Macau will leave out any of its six current casino operators.<\/p>\n\n\n\n

Brokerage JP Morgan<\/strong> stressed: \u201cIt is unlikely for a government to choose a new foreign operator over incumbents, who have invested billions of dollars and employed local staff over two decades, including in an unprecedented downturn like this.\u201d<\/p>\n\n\n\n

However, MGM president and CEO Bill Hornbuckle<\/strong> stressed that GMM Limited shouldn\u2019t be underestimated<\/a>. Speaking at the Global Gaming Expo (G2E) in Las Vegas, Hornbuckle told CNBC that GMM Limited\u2019s bid should be taken \u201cvery seriously\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"

The committee overseeing Macau\u2019s gaming concession retender has updated GMM Limited’s status from “conditional” to “unconditional”.<\/p>\n","protected":false},"author":176,"featured_media":10018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"GMM Limited, an entity linked to Genting Group and not currently operating in Macau, has received unconditional acceptance for its bid in the territory's gaming concession retender. This development creates a contest of seven bidders for six 10-year gaming concessions, introducing an external contender against established incumbents. Industry analysts offer varied perspectives on the likelihood of a new operator securing a concession, with some stressing incumbent advantage while others caution against underestimating GMM Limited.","focusai_entities":"GMM Limited, Genting Group, Lim Kok Thay, JP Morgan, MGM, Bill Hornbuckle, CNBC","focusai_location":"Macau, Malaysia, Singapore, Las Vegas","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GMM Bid Criteria?","query":"What specific criteria led to GMM Limited's initial conditional status and subsequent unconditional acceptance in the Macau gaming concession retender?"},{"label":"Market Impact Analysis?","query":"How might the potential entry of a non-incumbent operator like GMM Limited alter the competitive landscape and GGR projections for Macau's gaming market?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-34522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=34522"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34522\/revisions"}],"predecessor-version":[{"id":34537,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34522\/revisions\/34537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10018"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}