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Tag Archives: Genting Singapore

Singapore – Nomura casts doubt on any deal between MGM and Genting

Japanese investment bank Nomura does not believe that Malaysian casino operator Genting Berhad will sell any shares in Genting Singapore, operator of Resorts World Sentosa (RWS), to MGM Resorts. The US gaming giant held talks with Genting over a possible takeover last week however Nomura analysts Tushar Mohata and Alpa Aggarwal don’t believe there is…

Singapore – Resorts World Sentosa to benefit from $400m expansion

Genting Singapore posted a significant 49 per cent decline in net profit to $95.1m in the second half of 2021, due to a decrease in visitation, largely due to an increase in COVID-19 community cases and the recent emergence of the Omicron variant. The group confirmed plans to invest $400m on expanding several non-gaming attractions…

Singapore – Genting Singapore falls 16 per cent

Genting Singapore reported adjusted earnings before interest, tax, depreciation and amortisation (Adjusted EBITDA) of US$76.1m in its third quarter, deteriorating from the last quarter, resulting in a 31 per cent dip from the same period last year due to the series of enhanced safe management measures introduced to curb the surge of new community cases….

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…