Genting Singapore

Genting Singapore PLC is a Singapore-based regional leisure, hospitality and integrated resorts development specialist listed on the main board of the Singapore Exchange Securities Trading Limited. The principal activities of the company’s subsidiaries include developing and operating large scale integrated resorts, investments, casino operations,^[2][3] provision of information technology application related services as well as marketing support services to leisure and hospitality related businesses and investments.

Overview

Over the last 20 years, Genting Singapore PLC has been involved in gaming and integrated resort development. Its footprint can be found in Australia, the Americas, Malaysia, the Philippines and the United Kingdom. They also own Resorts World Sentosa, a S$6.6 billion integrated resort development in Singapore’s Sentosa island.

Genting Singapore PLC won the bid to develop one of two integrated resorts with casinos in Singapore in December 2006.^[4][5] It became the first operator of an integrated resort in Singapore when Resorts World Sentosa opened its doors in January 2010.

Since January 2010, Resorts World Sentosa has progressively opened its four hotels, casino, Universal Studios Singapore, celebrity chef restaurants, resident theatre show called Voyage de la Vie, free public attractions as well as the Maritime Experential Museum and Aquarium.^[6] The integrated resort’s West Zone is currently under construction. The Marine Life Park comprising a water park and aquarium, a destination spa as well as two additional hotels, are scheduled to open in 2012. When fully completed, Resorts World Sentosa will house a total of over 1,500 rooms and will be the only integrated resort in the world with twin mega-attractions in one destination: Universal Studios Singapore and the Marine Life Park. In the third quarter of 2012, the revenues of the Genting Singapore fell almost 20 per cent from a year earlier.^[7]

A company of the Genting Group, Genting Singapore PLC was named Asiamoney’s Best Managed Companies 2010 (Large-Cap Corporate of the Year in Singapore).^[8] It continues to assess strategic acquisitions, investments and collaborations.

References

FTSE STI companies of Singapore
As of 21 September 2015: Ascendas Real Estate Investment Trust CapitaLand CapitaMall Trust City Developments ComfortDelGro DBS Group Genting Singapore Global Logistic Properties Golden Agri-Resources Hongkong Land Hutchison Port Holdings Jardine Cycle & Carriage Keppel Noble Group OCBC SATS SembCorp Industries SembCorp Marine SIA Engineering Singapore Airlines Singapore Exchange Singapore Press Holdings ST Engineering Singapore Telecommunications StarHub Thai Beverage United Overseas Bank UOL Group Wilmar International Yangzijiang Shipbuilding Holdings