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Tag Archives: Genting Singapore

Japan – Genting and Melco express disappointment over Yokohama u-turn

Melco Resorts and Genting Singapore, who were competing for a licence to build an Integrated Resort casino in the Japanese city of Yokohama have said they have been left disappointed by the new Mayor’s decision to pull the plug on the region’s bid for a casino. Melco Resorts has said whilst it is now closing…

Japan – Yokohama pulls out of Japan’s casino race

Yokohama’s new mayor Takeharu Yamanaka has pulled the plug on the city’s attempts to become one of three Japanese cities to host an Integrated Resort casino in a devastating blow to Genting Singapore and its partner Sega Sammy. Genting Singapore had already confirmed it would partner with five reputable Japanese corporates including Sega Sammy Holdings,…

Japan – Sega Sammy will invest over $1bn in Genting’s Yokohama casino IR

Sega Sammy Holdings has said it will contribute over US$1bn to the construction of an Integrated Resort casino in Yokohama as part of its partnership with Genting Singapore. Sega Sammy said in a press release: “We have come to the conclusion that Genting Singapore is the best partner for the success of our domestic IR…

Japan – Genting Singapore names Sega Sammy as one of five partners for Yokohama

Genting Singapore has confirmed it will partner with five reputable Japanese corporates including Sega Sammy Holdings, Sohgo Security Services Co., Ltd. (ALSOK), Kajima Corporation, Takenaka Corporation and Obayashi Corporation as it looks to land a casino licence in Yokohama City. Sega Sammy has of course already got integrated resort experience through its 45 per cent…

Japan – Genting Singapore and Melco make it through to Yokohama final

Genting Singapore and Melco Resorts & Entertainment have made it through to the final round of the qualification screening process for Yokohama’s Request for Proposal (RFP) to build an Integrated Resort casino at Yamashita Pier. With Galaxy, SBM, Wynn and Las Vegas Sands all pulling out of the race over the last year, it meant…

Japan – Yokohama casino would take 60 per cent of Japan’s GGR

An analyst at Maybank Research believes a Yokohama casino would clear up in Japan, generating US$7bn in GGR and taking a 60 per cent share of the Japanese casino market, highlighting its strength in the locals market as a key factor Analyst Samuel Yin Shao Yang believes locals will account for 80 per cent of…

Singapore – Genting Singapore sees revenue plunge by 32 per cent

With COVID still gripping many of Genting Singapore’s key markets, the operator of Resorts World Sentosa saw its revenue and profit plunge in its first quarter of the year. The Group’s first quarter 2021 revenue decreased 32 per cent as compared to the same period last year as the impact of the COVID-19 pandemic which…

Singapore – Maybank predicts full recovery in mass gaming within two years at Resort World Sentosa

Maybank IB Research believes that Singapore’s Resorts World Sentosa will see a full recovery in mass gaming by 2020 with VIP gaming reaching 75 per cent of pre-pandemic levels by 2022. With Phase 3 of Singapore’s reopening plan expected to come into effect by the end of December, Genting Singapore is preparing to up its…

Singapore – No quick fix in sight as Resorts World Sentosa’s future ‘remains cloudy’

Union Gaming Security has said that Genting Singapore, operator of Singapore’s Resorts World Sentosa, is ‘still several quarters away’ from recovery after the effects of the coronavirus pandemic. The group suffered a net loss of $163.3m (US$119.1m) for the second quarter of 2020, the worst quarter since the opening of our Singapore Integrated Resorts, as…