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Genting gets S'pore casino licence
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Sunday, 07 February 2010 04:07
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SINGAPORE - Singapore's authorities issued a casino licence to neighbouring Malaysia's Genting group, 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 US$4.4bil (RM15.4bil), opened four premium hotels last month in expectation of the licence.
Singapore's casino regulator said the licence was issued yesterday.
Posted on website
"The Casino Regulatory Authority of Singapore has issued a casino licence to Resorts World... on Feb 6, 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. - AFP
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Last Updated on Sunday, 07 February 2010 04:10 |
