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Genting in full control of Singapore casino29 May 2007SINGAPORE -- As reported by the Agence France-Presse: "Genting International gained full control of a US$3.4 billion (RM13.26 billion) casino project here after shareholders yesterday approved plans to buy a 25 per cent stake of sister firm Star Cruises. "...Genting has said it will pay S$255 million (RM566 million) for the Star Cruises stake, which will give it full control of the integrated casino development called Resorts World at Sentosa. "The resort will include a Universal Studios theme park and the world's largest oceanarium, as well as gaming facilities, and is set to open in 2010. "Genting and Star Cruises, both part of conglomerate Genting Bhd, in December won a bid to build Singapore's second casino to be located on Sentosa island, off the city-state's mainland..." |