Genting Singapore has long been one of the major gaming companies pursuing an integrated resort license in Japan. But the operator is appearing less devoted to the Land of the Rising Sun than it Genting Has Edge On ‘Debt-Laden’ US Developers in Bid for Japan Casino License, Says Analyst. Posted on: July 25, 2018, 05:30h. Last updated on: July 25, 2018, 04:31h. Genting Singapore, a subsidiary of Malaysian casino and hospitality giant Genting Group, is now focusing its Japan expansion efforts on the city of Yokohama, regional gaming news outlet GGRAsia reports.. Genting has long been part of the flock of international companies pursuing expansion opportunities in Japan’s nascent casino market. Genting's casino resort is central to the government's 12-billion-dollar redevelopment of Sentosa, which means "peace and tranquillity" in Malay and is connected to Singapore by a 710-meter, or Genting Singapore’s Resorts World Sentosa gets three-year casino license extension as parent company prepares for Japan bidding process Genting Singapore, a subsidiary of major Malaysian gaming and hospitality operator Genting Group, said last week that the Casino Regulatory Authority of Singapore has renewed its casino license for the operation of the Resorts World Sentosa integrated resort. Reading Time: 1 minute Genting Singapore Limited, a casino operator based in Singapore, is among the hot favourites to win the license for casino operation in Japan. The Japanese parliament passed the Integrated Resorts (IR) Implementation Bill a few days ago. It will allow land-based casinos in three locations, as per the bill. In the […] The company is in the loop along with major industry players including MGM Resorts International. Genting is all set to make a bid for the license through its subsidiary Genting Singapore. While there is stiff competition facing even the global gambling giants, Gentings chances of winning the Japanese casino license is bright. GENTING Singapore on Thursday said that the Casino Regulatory Authority of Singapore has renewed the casino licence of Resorts World at Sentosa for another three years, starting from Feb 6. Resorts World at Sentosa is an indirect wholly owned subsidiary of the company. In Genting's case, its huge cash pile of 3 billion Singapore dollars ($2.2 billion) and experience operating in the city-state, which has similar restrictions on gaming companies, could improve its chances of winning a casino license in Japan, Malaysia's Star newspaper said. Genting Group is a famous regional casino with 50 years of history, started in Malaysia (Genting Highland), then extending to whole world, including Singapore, UK and US, currently aiming for Japan casino license. Usually there is no certainty in a business but casino is a unique sector which is almost guaranteed to win due to […]
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