Genting tipped for MGM Mirage alliance
LAS VEGAS – Casino operator MGM Mirage and the Malaysian gaming group Genting are talking about joining forces.
An MGM source confirmed for GlobeSt.com that Genting recently invested US$200 million in MGM stock and is in discussions “to consider possible marketing relationships, strategic ventures and partnerships with Genting globallyâ€.
Genting’s investments were made during MGM Mirage’s recent US$2.5 billion capital raising.
GlobeSt.com’s source said, “This has great potential to be a very powerful alliance.â€
Genting has long wanted to be in the gaming business in Macau, according to published reports, and a partnership would give Genting that access while giving MGM access to other Asian markets where Genting has a foothold.
Last month, New Jersey gaming regulators ordered MGM to “disengage†itself from business dealings in Macau with Pansy Ho, saying the daughter of Macau’s richest man, multi-billionaire Stanley Ho, is not a suitable partner.
Genting International, the overseas investment arm of the Genting Group, is developing Resorts World Sentosa in Singapore, a US$4 billion casino and entertainment resort due to open next year.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Suspension of all regional trains in Catalonia following two new rail accidents in Spain