Genting and Sands pledge US$6.7 bil for Singapore casinos

The Tanjong Pagar container terminal, , and the Keppel container teminal, , stand in this aerial shot taken above Singapore.

In part boosted by the hit movie “Crazy Rich Asians” and the hosting of a summit between US President Donald Trump and North Korean leader Kim Jong Un, visitor arrivals in the city-state last year jumped 6.2% to 18.5 million, data from the Singapore Tourism Board show. Receipts increased 1% to S$27.1 billion.

Genting Singapore said in a separate statement it will commit to spend S$4.5 billion to expand Resorts World Sentosa over five years. Singapore also said it plans to increase tax rates on gross gaming revenue at the end of the current moratorium in February 2022 by introducing a tiered casino tax structure.

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Genting Group prices offering of US$1 bil bonds with 4.625% coupon rate.It has been issued to part-finance the development of the Resorts World's Las Vegas casino and integrated resort in Nevada.
Source: fmtoday - 🏆 5. / 72 Read more »

Genting Group prices US$1b notes offering to fund Las Vegas Resort | Malay MailKUALA LUMPUR, April 3 — Genting Bhd’s indirect units Resorts World Las Vegas LLC (RWLV) and RWLV Capital Inc today priced their offering of US$1 billion (RM4.09 billion) 4.625 per cent senior notes, issued to part-finance the development of the Resorts World Las...
Source: malaymail - 🏆 1. / 86 Read more »