Such statements came from the annual report of 2017 from Genting Berhad, the parent of Genting Singapore, the operator of the Resorts World Sentosa casino resort in Singapore.
“Many global gaming operators have pronounced their very keen interest to bid, and Genting Singapore will be facing fierce competition for the limited number of licences,” the parent’s annual report stated.
The document also mentioned Genting Singapore’s raising of a total principal amount of US$177 million in October 2017, via publicly-offered Japanese yen-denominated bonds. The instruments – with a maturity of five years – will pay a coupon of 0.669 percent per annum, and have October 24, 2022 as their maturity date.
“The funds are earmarked to support its corporate activities in Japan including preparatory works in anticipation of the passage of the Japan Integrated Resort Implementation Bill and bidding for gaming licenses in Japan,” the Genting Bhd annual report noted.
Japan’s cabinet is to seek to submit the Integrated Resorts Implementation Bill to the country’s parliament on April 27, the Kyodo news agency reported last week. Such a move might enable the governing coalition in Japan – the Liberal Democratic Party and its partner Komeito – to secure passage of the measure before the end of the current ordinary parliamentary session on June 20.
Source: GMB / GGR Asia
