GENM

2.720

-0.01 (-0.4%)

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