Gaming News

Genting to buy Star Cruise's stake in project

SINGAPORE – As reported by the Edge Daily: "Gaming firm Genting International said on late on March 27 it would buy sister firm Star Cruises's 25% stake in their joint Singapore casino project for S$255 million (RM580 million).

"Genting International said the acquisition of the stake would give it full control of the US$3.4 billion (RM11.7 billion) Singapore casino.

"…Genting International and Star Cruises, both controlled by the family of Tan Sri Lim Goh Tong through Genting Bhd, won in December a bid to build Singapore's second casino but upset the city-state's authorities after they unveiled a tie-up with Macau gambling tycoon Stanley Ho a month later…"

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