SEARCH NEWS:

 

New Century Eliminated from Singapore Casino Hopefuls

SINGAPORE – As reported by the Hong Kong Standard: "Singapore has eliminated at least one Hong Kong bidder from the competition to open a casino resort in the city state.

"Officials notified New Century Group Hong Kong of the government's rejection of its proposal to invest in the planned resort or manage its casino, the company said Friday.

"New Century has incurred Singapore's displeasure in the past by targeting its citizens with gambling cruises near Singapore waters. The company's stock closed up a cent at HK$1 after the announcement.

"…Terry Lanni, chairman and chief executive of American casino giant MGM Mirage, told US stock analysts during a quarterly teleconference this week that his company and other bidders still in the running will be making presentations to Singapore officials over the next weeks.

"`We have heard that two of the original bidders may have been excluded - we don't know who they are - because they did not meet the criteria,' [Terry Lanni, chairman and chief executive of American casino giant MGM Mirage] said.

"There were indications the other unlucky company was Greek Mythology (Macau) Entertainment Group, owner of the new Greek Mythology Casino in Macau…"

< Gaming News