Bidding War for Macau Casino Licenses Gets Surprise Contender in Genting-Linked Firm

GMM is the seventh bidder for Macau’s casino licenses
City to issue a maximum of six new permits for up to 10 years

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By Shirley Zhao

September 15, 2022 at 3:07 AM UTC

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There will be winners and losers in the historically staid process of renewing of casino licenses in Macau, which lost its crown as the world’s largest gambling hub this year due to the Covid pandemic.

A total of seven candidates will compete for Macau’s six casino licenses, with a firm linked to Genting Group joining the bid in a surprise move. The competition adds a frisson of uncertainty for the gambling hub’s existing operators, whose permits all expire at the end of the year.