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Thursday, February 19, 2009

Genting to spend more in Singapore casino project

SINGAPORE: Genting International expects to invest another S$590 million (US$385 million) in its Singapore casino resort project due to open in early 2010, the company said today.

The extra funds to be pumped in by the company, which is part of Malaysian gaming conglomerate Genting Bhd, will bring its total investment in Resorts World at Sentosa to S$6.59 billion from S$6.0 billion, it said.

Genting said the extra investments were required because of further changes made last year aimed at increasing the appeal of the casino project now under construction.

“In the course of the past year, changes have been made to the design and architecture of the integrated resort to substantially improve its entertainment and fun offerings, including enhancements to its casino and Universal Studios Singapore,” Genting said in the statement.
“Improvements were made to the quality of interiors as well as foot traffic accessibility to retail and dining outlets,” it said.

Resorts World at Sentosa, one of two casino projects now under construction in Singapore, will include hotels and a host of family-friendly attractions including the first Universal Studios theme park in Southeast Asia.


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