BYLINE: Ray Poirier
Posted by Gavin Smith on 19 Jun 2009 at 10:06
Now that Genting Gaming Group of Malaysia has made a major investment in MGM MIRAGE Inc. (MGM), speculation has arisen that the two companies may bond further into some form of partnership.
MGM CEO Jim Murren has been quoted as saying, "We’re just starting to brainstorm about global marketing relationships, strategic ventures and partnerships."
Genting, the gaming company in Malaysia that mirrors the Macau casino activity of Stanley Ho, has been looking to get a foothold in Macau ever since the island’s gaming laws were changed.
Further speculation developed when New Jersey application reviewers found Pansy Ho, a Macau partner with MGM, to be unfit for a gaming license, forcing MGM to resolve the issue since it is a partner in Boyd Gaming’s (BYD) Borgata
