Genting could be seeking to position itself as a potential rescuer<\/a> \u201cin the event that a concession holder experiences financial difficulties” and requires a partner or potential buyer”. It signalled SJM as a potential candidate.<\/p>\n\n\n\nDuring a press conference on Saturday (November 26), Andre Cheong Weng Chun<\/strong>, chairman of the tender committee and Secretary of Administration and Justice, said the decision to award Macau’s six casino licences to its current gaming operators followed five rounds of negotiations with the seven bidders.<\/p>\n\n\n\nConsulted by Macau Business, gaming analysts said the government’s decision to award new gaming concessions to six incumbent operators underscored the priority of job stability and the focus on avoiding disruption of the status quo<\/strong>.<\/p>\n\n\n\nBen Lee<\/strong>, managing director of IGamiX Management & Consulting, noted that the Macau government had decided not to do major disruption, adding that the decision to retain existing operators showed the Macau government\u2019s priority was to maintain gaming employment.<\/p>\n\n\n\nCarlos Lobo<\/strong>, an attorney and former legal adviser to the Macau Gaming Commission, said: \u201cThere wasn\u2019t enough time left to switch operators. A different solution could jeopardize employment of thousands and consequently risk social stability\u201d.<\/p>\n\n\n\nAlidad Tash<\/strong>, managing director of the consultancy 2NT8, said the Macau government has used GMM’s outside bid to its advantage, saying: \u201cThe Macau government masterfully exploited the threat of Genting <\/strong>taking over an existing concession, and forced the current six companies to commit to US$12.5bn in non-gaming spend in the next ten years. Without the Genting \u2018scarecrow\u2019 I doubt if the operators would\u2019ve committed half as much.”<\/p>\n","protected":false},"excerpt":{"rendered":"Analysts at JP Morgan think GMM could opt to invest via equity or a joint venture if the pricing is right.<\/p>\n","protected":false},"author":176,"featured_media":16790,"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, linked to Genting Malaysia, failed to secure a direct Macau casino license in the recent re-tender. Analysts suggest GMM may now pursue equity or joint venture investments, potentially targeting financially distressed concessionaires like SJM. The Macau government's decision to retain incumbent operators prioritized employment stability, while GMM's bid significantly influenced the US$12.5bn non-gaming investment commitments from the six concessionaires.","focusai_entities":"GMM Limited, Genting Malaysia, JP Morgan, DS Kim, Sanford C. Bernstein, SJM, Andre Cheong Weng Chun, Macau Business, IGamiX Management & Consulting, Ben Lee, Carlos Lobo, Macau Gaming Commission, 2NT8, Alidad Tash","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GMM's JV Strategy","query":"What specific regulatory hurdles and valuation considerations would GMM Limited face in pursuing an equity or joint venture investment with an existing Macau concessionaire, particularly given the new non-gaming investment mandates?"},{"label":"Non-Gaming ROI","query":"How will the mandated US$12.5bn non-gaming investment impact the long-term GGR and NGR projections for Macau's incumbent operators, and what are the expected ROI timelines for these diversified assets?"}],"footnotes":""},"categories":[157,16338],"tags":[23911,19394,23906],"class_list":["post-777000525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-gambling-regulation","tag-genting-malaysia","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000525","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=777000525"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000525\/revisions"}],"predecessor-version":[{"id":777000553,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000525\/revisions\/777000553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16790"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}