Genting S'pore to partner Japanese firms for casino resort

Genting has said the group's 51.9%-owned Genting Singapore will partner unnamed “Japanese institutions” to bid for an integrated casino resort in Japan.

“Japan has tabled in Parliament the Casino Introduction Bill and it is scheduled to be read within the next few weeks. With this exciting advancement, Genting Singapore has organized a dedicated project team to understand, monitor and prepare for developments in the near future,” it said in a statement.

It noted that such a proposal would require very significant financial resources that Genting Singapore was well-positioned to execute.

Genting Singapore is among the gaming players that are eyeing a slice of Japan's casino sector, following its plan to revive the liberalization of its gaming industry.
Analysts estimate the first casino resort to open as early as 2019 in Japan after the casino bill is passed.