Malaysia's Genting wins Singapore's second casino licence

0 Comments | AFP, December, 2006

SINGAPORE (AFP) — Singapore named Malaysia's Genting International as winner of the city-state's second casino licence, laying a large bet the new development will boost its high-profile tourist industry. "The successful proposal for the integrated resort on Sentosa is Genting International and Star Cruises," Deputy Prime Minister S.

Jayakumar told reporters. He said they "submitted the most compelling proposal overall that best meets our economic and tourism objectives." Genting and its sister company Star Cruises tied up with Universal Parks and Resorts of the United States for the project on Sentosa island, promising to invest more than five billion Singapore dollars (3.2 billion US). Analysts said Genting's plan to build a Universal Studios theme park made it favourite...

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