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Monday, February 08, 2010

Genting Singapore Casino License Issued

Ka-Chingggg ....
  • Worrying on the Singapore Casino license progress lately ... been dropping from SGD 1.32 to SGD 1.05 last week .... finally got good news last Saturday ...
  • For Genting SP investor, you will be happy to read the news ... will it go up today morning?

    SINGAPORE, Feb 6, 2010 (AFP) - Singapore's authorities issued a casino licence to neighbouring Malaysia's Genting group on Saturday, allowing the company to add gaming to its ambitious development plans in the city-state.

    Resorts World Sentosa, built by Genting on a former British military outpost at a cost of 4.4 billion US dollars ($6.2 billion), opened four premium hotels last month in expectation of the licence. Singapore's casino regulator said the licence was issued on Saturday.

    "The Casino Regulatory Authority of Singapore has issued a casino licence to Resorts World... on 6 Feb 2010," the regulator said on its website. In addition to the casino, hotels and convention facilities, Genting will open a Universal Studios theme park by March at the complex on Sentosa island, which is already packed with leisure attractions.

    A marine life park, maritime museum, spa and two more hotels are scheduled to launch after 2010. Singapore gave the go-ahead for casino gambling in 2005, setting off a flurry of construction that went ahead despite last year's recession. The government hopes the casinos will boost the country's tourism appeal.

    The small island-republic relies mainly on man-made attractions to entice tourists. Marina Bay Sands, another such casino resort, is scheduled to open in April following construction delays. It is being built by US-based Las Vegas Sands.

4 comments:

fufu said...

dont worry! the government is also veru kiasu one... sure the project will carry on and cant wait to go to the casino next year once i have completed my studies in germany =p

Anonymous said...

Easily I agree but I contemplate the brief should have more info then it has.

uLi.佑莉 said...

Yeah...I am excited about it :)

Unknown said...

This is interesting, I would love to read more, but there are no newer posts, please update. Thanks.
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