According to a report by research firm Maybank Kim Eng from last year, Genting’s Singapore subsidiary was in a good position to win a coveted Japan gaming license with its “huge net cash pile.”
The Chairman of the Malaysian gaming and hospitality giant said at the company’s annual general meeting that he is confident in the success of Genting Singapore’s bid to enter Japan.
Lim went on to explain that the Japanese government has followed the Singapore model of casinos within larger integrated resorts to craft the rules under which its own casino industry would be formed and regulated.
The Malaysian billionaire believes being the operator of a Singaporean integrated resort would give Genting Singapore an important advantage in what would be a heated race involving global gambling giants once the bidding process for the three gaming licenses is launched by Japanese lawmakers.
Source: GMB / Casino City Times
