“It’s unclear what (Genting’s) intentions and ambitions in Macau are, given it does not currently have any operations there. (The 10-year concession) doesn’t leave much time for Genting to acquire land and design, plan and build what would likely be a multibillion-dollar integrated resort.”
—Daniel Politzer, Wells Fargo gaming analyst, on a last-minute bid by Malaysian casino operator Genting for a Macau gaming concession
“It just adds one small wrinkle to the equation. And it was unexpected. No one likes unexpected things in the market.”
—James Goldstein, CreditSights gaming analyst, on Genting’s Macau bid
“I believe the tenderers have confidence in the future of Macau, otherwise they would not have participated in the bidding process.”
—Cheong Weng Chon, Macau secretary for administration and justice, who says the government will name the new gaming concessionaires by the end of the year
“Now that I know it [multiplier betting] is wrong, I will assume the legal responsibility for it.”
—Tim Chau, on trial for facilitating multiplier betting in Macau casinos, in testimony at his trial. Chau said he was an “investor” only
“Finally, we feel we can talk about a return to normalcy.”
—DS Kim, Macau gaming analyst, on the imminent resumption of individual and group travel from Mainland China to the gaming hub
“Our members are supporting the UK’s hard-pressed high streets with bookmakers, while casinos and bingo provide a key pillar to the hospitality, tourism and leisure sector.”
—Michael Dugger, chief executive officer of the U.K.’s Betting and Gaming Council (BGC), on his industry’s support for the new Liz Truss’s government efforts to stimulate growth in the economy
“All those who love any sport or pastime with animals – whether it is horseracing, show jumping, dog agility or fishing – will be concerned that your change of stance puts them on notice that their sport is next.”
—The Greyhound Board of Great Britain (GBGB) reacting to a call by several charities for a complete ban on greyhound racing
