Malaysian firm makes surprise bid for Macau gaming licence
A company controlled by Malaysian tycoon and Genting chairman Lim Kok Thay has put in a bid for a casino licence in Macau, a surprise challenge to the decades-long oligopoly of the six incumbent operators.. The six operators all submitted bids by Wednesday to renew their licences but the spotlight was stolen by newcomer GMM. A GMM representative told reporters that the bid was submitted on behalf of leisure and entertainment firm Genting, according to Macao Daily.