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Tuesday, July 14, 2009

Genting: Singapore casino opening on track

Conglomerate Genting Group is still on track to launch its S$6.59 billion (RM16 billion) integrated resort in Singapore by the first quarter of 2010, despite recent news of delays by rival Las Vegas Sands.

"We are on track and on time for the soft launch of Resorts World at Sentosa," Genting Bhd head of strategic investments and corporate affairs Datuk Justin Leong said during the CIMA World Conference 2009.

The integrated resort comprises Universal Studios, a casino and six hotels with a total of 1,830 rooms.

Last week, Las Vegas Sands said the targeted launch of Marina Bay Sands by year-end was pushed back for several months due to shortage of labour and materials. Las Vegas Sands now hopes to open by January or February next year.

Meanwhile, Leong did not rule out the possibility of bringing Universal Studios to Malaysia in the future, but said such plans would hinge on the success of Universal Studios in Singapore.

By Business Times (by Jeeva Arulampalam)

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