Genting Group chairman Lim Kok Thay spoke of his confidence in a resort casino license. He said: “We are positive about our efforts in getting a casino l icense in Japan.” Subsidiary Genting Singapore will be making the bid. Genting Singapore, a subsidiary of Malaysian casino and hospitality giant Genting Group, is now focusing its Japan expansion efforts on the city of Yokohama, regional gaming news outlet GGRAsia reports.. Genting has long been part of the flock of international companies pursuing expansion opportunities in Japan’s nascent casino market. Genting Singapore Plans $3.2B Yen ($29.6M) Bond Issue to Fund Japan Casino. Posted on: September 30, 2019, 10:50h. Last updated on: September 30, 2019, 05:00h. Genting Singapore Genting Singapore Ltd. is one of seven major casino operators vying for one of Japan’s coveted gaming licenses. The group’s strong balance sheet could be an advantage in that quest. HOME News Genting Chairman Confident in Japan Casino Bid’s Success April 18, 2019, 10:59 am · The Malaysian casino giant is embarking on major expansion of its Singapore operations, while bidding for one of three gaming licenses in Japan Genting Singapore’s share price hovers at around 17 times its 2019 earnings, consistently below those of rival bidders in recent years. If the Malaysians play their cards right in Japan, they might hit the jackpot in multiple ways. Genting Singapore PLC, the division of Malaysian conglomerate Genting Bhd. that runs the Resorts World Sentosa (RWS) integrated resort, reported flat earnings in the second quarter of 2013. An Malaysia-based global gaming and gambling giant, the Genting Group is confident of its success in getting a Casino license in Japan. The company has been looking to expand in Asia and with its plans already materializing in Singapore, it is now eyeing at the Japanese market.
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