Genting says Singapore provides valuable experience for Yokohama

Genting Singapore executives, the operator of the resort’s World Sentosa casino resort, said they had made a corporate decision based on expectations of a “successful bid” for Japan Integrated Resort (IR).

These expectations are “based on the outstanding performance of the group in Singapore, which developed and successfully operated Resort World Sentosa,” said Tan Hee Tech, the company’s president and chief operating officer. According to presentation data released this week, his remarks were made at the company’s annual general meeting.

Genting Singapore is a Japanese casino license contender, one of the eligible bidders to become a casino complex partner in Yokohama.

“Resort World Sentosa operates in an environment where its operating and regulatory systems were top-notch, and such experiences will be of considerable value to the city of Yokohama and Japan,” Tan was quoted as saying in the document.

He added: “Management also considered the Group’s strong financial position, competitiveness and potential joint venture partners when deciding to submit a strong bid for IR in Yokohama City, Japan.”

Genting Singapore has teamed up with Japan-based entertainment and gaming giant Sega Sammy Holdings for the Yokohama project, and has named Japan-based Kazimasa as its construction partner.

In a recent note, Maybank Investment Bank Bhd suggested Genting Singapore has an edge over rival global operator Melco Resorts and Entertainment Inc, another eligible bidder in the Yokohama licensing race.

The ruling decision mentioned by Tam relates to Chairman Lim Kok-tai’s 2020 remuneration. A “significant proportion” of Lim’s 2020 remuneration was “due to accounting accruals” in relation to the “conditional bonuses” granted to the company’s chairman in connection with the Group’s bid for a Japanese casino license.

BY: 슬롯사이트 순위

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