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Malaysia's Genting makes surprise bid for Macao gaming rights

Gambling hub kicks off licensing race with seven companies vying for six spots

The gaming floor at MGM Cotai casino in Macao: The gaming hub has been battered by COVID curbs that have sharply reduced visitor numbers.   © Reuters

HONG KONG -- Macao kicked off a casino licensing review process on Friday as Malaysia's Genting Group made a surprise bid to unseat one of the gaming hub's six current operators.

GMM Limited, a holding company controlled by Genting Chairman Lim Kok Thay, submitted its application just hours before a Wednesday deadline, with representatives from rival casino companies wheeling large stacks of documents to a government office.

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