GENTING group may be one of the parties eyeing MGM Mirage Ltd's (MGM) 50 per cent stake in MGM Grand Macau.
OSK Investment Research said speculations were rife that MGM may sell its stake in MGM Grand Macau, which was held under MGM Grand Paradise.
"Although it is premature to speculate on such an outcome considering the intricacies of the licensing agreement, we believe that given Genting’s strong appetite for large-scale casino investments in Macau, this could certainly pave the way for the group’s long-awaited entry into Macau’s gaming market in a meaningful way," it said in its research note released today.
It said MGM Mirage has formed management agreements with Infinity World Development Corp, a subsidiary of Dubai World, for future casino and non-casino resorts in China and Abu Dhabi.
OSK Investment did not discount the possibility of Genting forming such agreements with MGM for future casino developments in the region.
"Such a partnership will be highly synergestic, given MGM’s established branding and Genting's large combined customer profile base," it said.
OSK Investment Research said speculations were rife that MGM may sell its stake in MGM Grand Macau, which was held under MGM Grand Paradise.
"Although it is premature to speculate on such an outcome considering the intricacies of the licensing agreement, we believe that given Genting’s strong appetite for large-scale casino investments in Macau, this could certainly pave the way for the group’s long-awaited entry into Macau’s gaming market in a meaningful way," it said in its research note released today.
It said MGM Mirage has formed management agreements with Infinity World Development Corp, a subsidiary of Dubai World, for future casino and non-casino resorts in China and Abu Dhabi.
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"Such a partnership will be highly synergestic, given MGM’s established branding and Genting's large combined customer profile base," it said.
