Tag Archives: Genting Singapore
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…
Japan – Genting and Galaxy pull out of Osaka IR race leaving MGM in pole position
Both Genting Singapore and Galaxy Entertainment have pulled out of the race to and a casino IR licence in Osaka, leaving MGM Resorts and its local partner Orix in sole position if the Osaka Prefectural Government is awarded a licence. Las Vegas Sands, Melco Resorts & Entertainment and Wynn Resorts have all previously left the…
Singapore – Entry fee hike squeezes Resorts World Sentosa’s revenues
As it gears up for the 10th anniversary of Resorts World Sentosa in March 2020, Genting Singapore confirmed a nine per cent year-on-year decline in revenue to SG$607.2m (US$438m) for the three months to December 31 2019, with a 13 per cent drop in casino revenue at Resorts World Sentosa, blamed on a higher entry…
Japan – Genting Singapore caps Japan investment at $10bn
Genting Singapore has said it will not go over an investment of $10bn for the development of an Integrated Resort in Japan. Its board of directors is looking to sign off on the top budget at an extraordinary general meeting with shareholders next month at Resorts World Sentosa. “The board believes that the Japan IR…
