In today’s briefing:
- Genting’s Suprise Bid for Macau Casino Not Resonating with Investors Seeing Uncertainties Ahead
Genting’s Suprise Bid for Macau Casino Not Resonating with Investors Seeing Uncertainties Ahead
- During the current rebidding process for the six Macau concessions, a seventh “surprise guest”filed a bid. Opinion of their chances are mixed at best.
- Genting has tended to overreach over time in other markets.
- Macau operators already face daunting recovery odds ahead that will impose strains on cash and debt refis at higher rates.
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