OTHERS GENTING MALAYSIA BERHAD ("GENM" OR "COMPANY") SUBMISSION OF TENDER FOR GAMING CONCESSION
GENTING MALAYSIA BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | GENTING MALAYSIA BERHAD ("GENM" OR "COMPANY") SUBMISSION OF TENDER FOR GAMING CONCESSION |
The Macau Special Administrative Region (“Macau SAR”) has called for a tender for the concessions to operate casino games of fortune pursuant to the Chief Executive’s Order No. 136/2022. In this regard, GENM, via its indirect subsidiary, GMM S.A. (“GMM”) had submitted a bid to the Macau SAR Government on 14 September 2022 for the award of a new 10-year gaming concession for the operation of casino games of fortune in Macau SAR.
This represents an opportunity for GENM to expand its business in the Leisure and Hospitality sector, diversify its geographical footprint and participate in the recovery prospects of the Macau SAR gaming segment.
GENM will make appropriate announcements once there is more clarity on the Company’s position in relation to its bid.
This announcement is dated 15 September 2022. |
Announcement Info
Company Name | GENTING MALAYSIA BERHAD |
Stock Name | GENM |
Date Announced | 15 Sep 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-15092022-00025 |