• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 28 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

MGM Resorts expresses Thailand interest but wary on significant Macau investment

Ben Blaschke by Ben Blaschke
Thu 4 Aug 2022 at 06:22
Las Vegas Sands’ new Asian IR opportunity likely in Thailand: Bernstein

Bangkok

112
SHARES
2.8k
VIEWS
Print Friendly, PDF & Email

MGM Resorts International CEO and President Bill Hornbuckle has outlined the company’s interest in a potential integrated resort development in Thailand should a push to legalize casinos become a reality.

But significant further investment into Macau looks less certain as the company weighs up license re-tendering requirements in the current COVID-impacted business environment.

Hornbuckle was commenting during MGM’s 2Q22 earnings call on Thursday morning (Asia time) after the company announced a US$1.8 billion profit for the quarter, aided by record results in Las Vegas and in spite of a US$52 million EBITDAR loss in Macau.

With a growing war chest on the back of recent asset sales, Hornbuckle said MGM continues to look towards potential M&A opportunities globally, including in Thailand.

“Obviously we have a keen interest and will invest several billion dollars in Japan if we are given the opportunity, and that will be another cornerstone for us in Asia,” he said in response to questions about potential M&A activity.

“Between that and Macau we feel pretty comfortable with what’s going on there. Obviously we will watch, like everyone, what happens in Thailand – or anywhere else for that matter – but we like where we are and we’d like to be in Japan at scale.”

MGM’s Macau-based subsidiary, MGM China, is also preparing its tender documents after the Macau SAR Government published its RFP requirements late last week, Hornbuckle confirmed, however he suggested the company may be reluctant to invest significantly into the market under current COVID conditions and with a shorter 10-year license period on offer.

“The 10-year window presents some challenges when you think [that] we’re still in the midst of COVID, so the idea of a significant investment would have to be something we would really understand and study,” he said.

“There are a lot of things the government wants around social programming, employment, job opportunities and other things that we are going to dig heavily into. There are a lot of things around programming and existing square footage that we already own as we [move] out of junkets and into more mass gaming – [a lot of things] around experiences, around culture, around event activity. Ultimately there is a big push on, which plays to our [strengths], around sports. Sports entertainment is a big push – they would love to see more of that activity case in that market – and I think we’re ideally positioned to be able to do that as well.”

Hornbuckle said he expects all six current concessionaires to submit proposals under Macau’s RFP, however he remained tight-lipped when asked about recent reports suggesting MGM had expressed interest in acquiring a stake in Genting Singapore, operator of Singapore’s Resorts World Sentosa.

“We will continue to aggressively look at M&A and act to the extent it makes sense but I really don’t want to comment on the Singapore situation,” he said.

RelatedPosts

Tak Chun boss Levo Chan to make mandatory cash offer for additional 29% stake in Macau Legend

Macau Legend to recognize US$165 million impairment on loss of satellite casino operations at Legend Palace

Wed 27 Aug 2025 at 04:39
Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Morgan Stanley: Macau gaming stocks likely set for re-rating given recent dividend payouts

Tue 26 Aug 2025 at 12:59
Sons of NagaCorp founder Chen Lip Keong join Forbes list of Malaysia’s richest

Surging mass market sees NagaCorp gaming revenues, profit enjoy double-digit growth in 1H25

Tue 26 Aug 2025 at 05:30
MGS returns to Macau today with first live in-person show in four years

Galaxy looking to maintain events focus as Galaxy Arena extends partnership with TMElive by three years

Tue 26 Aug 2025 at 04:59
Load More
Tags: Bill Hornbucklecasinointegrated resortMacauMGM ChinaMGM ResortsThailand
Share45Share8
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Analysts puzzled as combined market cap of Macau concessionaires falls back to 2022 COVID levels

Hong Kong Stock Exchange confirms delisting of LET Group and Summit Ascent scheduled for 1 September

by Newsdesk
Thu 28 Aug 2025 at 05:32

Following the recent announcement by Hong Kong’s LET Group Holdings and its subsidiary Summit Ascent Holdings that they were scheduled to be delisted at the end of this month, the Hong Kong Stock Exchange has confirmed that the listing of...

Aristocrat’s acquisition of ETG supplier Interblock said to have stalled over price

Aristocrat Gaming launches new “positive play” website

by Newsdesk
Thu 28 Aug 2025 at 05:30

Aristocrat Gaming has launched a new responsible gaming website designed to educate and enable players on smarter, more informed play. Part of the company’s “Know Your Max” campaign launched in 2023. The new website, KnowYourMax.com, provides a suite of positive...

RGB International signs agreement to distribute KL Saberi and Atlas gaming machines

RGB sees sequential improvement in 2Q25 on revenues of US$22.4 million

by Ben Blaschke
Thu 28 Aug 2025 at 05:13

Malaysian gaming product distributor RGB International Bhd reported group-wide revenue of MYR94.9 million (US$22.4 million) for the three months to 30 June 2025, down 5% year-on-year but 29% higher than the March 2025 quarter. In a filing, RGB explained that...

A moral defense of gambling

Star Entertainment Group says lender group’s terms around requested covenant waivers “unacceptable”

by Ben Blaschke
Wed 27 Aug 2025 at 13:47

Australia’s Star Entertainment Group has described as “unacceptable” the terms put forward by its lenders to provide requested covenant waivers for the September and December quarters on its AU$430 million (US$279 million) loan. The waivers are seen as crucial for...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English