Investors in Genting Malaysia will “likely feel relieved” after the company failed to win a provisional 10-year casino concession in Macau, according to Nomura analysts.
In a note issued Monday following the weekend announcement by Macau’s tender committee that the six current concessionaires would all be issued new 10-year concessions from 1 January – with Genting Malaysia subsidiary GMM the only unsuccessful bidder – Nomura’s Tushar Mohata and Alpa Aggarwal suggested investors might not feel as disappointed as company management at missing out on a concession.
