{"id":682,"date":"2009-05-29T12:22:00","date_gmt":"2009-05-29T20:22:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2009\/5\/29\/Macao-Genting-in-MGM-out"},"modified":"2024-02-08T05:17:46","modified_gmt":"2024-02-08T13:17:46","slug":"macao-genting-in-mgm-out","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/macao-genting-in-mgm-out\/","title":{"rendered":"Macao: Genting in, MGM out?"},"content":{"rendered":"

I’ve speculated elsewhere — I believe it was on the TwoWayHardThree<\/strong><\/a> forum — that Genting Bhd<\/strong> might be a logical, even inevitable successor, should MGM Mirage<\/strong> bail out of Macao<\/strong>. Seems that while I was laid up, news surfaced that Genting insiders are selling shares<\/a> and rolling up a $425 million nest egg. They’ve also snapped up $100 million in secured MGM Mirage notes.<\/p>\n

MGM Grand Macao<\/strong> co-owner Pansy Ho<\/strong>‘s dad, Stanley Ho<\/strong>, has played footsie with Genting in the past — something the Singaporean government frowned upon fiercely. Hence the delicate footwork that key Genting players will have to execute if they’re to convince Singapore<\/strong> (where Genting is building a multi-billion-dollar resort) that there’s more than an arm’s length between any potential dealings with the Ho family and Genting’s investments on Sentosa Island<\/strong>.<\/p>\n

That’ll be a difficult minuet to dance but for what’s been called “the golden ticket” — entry to Macao — Malaysian investors would surely find it worth twirling an ankle or two. Unless Boyd Gaming<\/strong> has waived its right of first refusal on Borgata<\/strong>, this sudden accumulation of Malaysian cash can have one purpose only.<\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve speculated elsewhere — I believe it was on the TwoWayHardThree forum — that Genting Bhd might be a logical, even inevitable successor, should MGM Mirage bail out of Macao. Seems that while I was laid up, news surfaced that … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,60,22,62,11,108,61],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/682"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=682"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/682\/revisions"}],"predecessor-version":[{"id":33032,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/682\/revisions\/33032"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}