The operator identifies Osaka, Yokohama and Tokyo as primary locations of interest.<\/p>\n\n\n\n\n\n\n\n
Japan.- Genting Singapore, the operator of Singapore\u2019s Resorts World Sentosa, has revealed its integrated resorts plans in Japan. <\/p>\n\n\n\n
The operator has highlighted Osaka, Yokohama and Tokyo as areas of interest and has set aside a maximum budget of US$10 billion for the development of an integrated resort.<\/p>\n\n\n\n
\u201cThe Company is seeking the approval of Shareholders to submit a Proposed Bid with respect to anyone prefecture or city with an investment amount not exceeding US$10 billion (approximately SG$13.6 billion),\u201d the company said in a circular.<\/p>\n\n\n\n
This Monday shareholders received the plans ahead of a general meeting set to take place on 4 February 2020 where they will decide whether to push ahead with a single bid or several <\/p>\n\n\n\n
Although Genting Singapore said it may submit multiple IR bids in Japan, it will not develop more than one IR in the country in the first seven years after receiving approval from the Minister of Land, Infrastructure, Transport and Tourism for its first IR.<\/p>\n\n\n\n
The circular explained why Genting Singapore wants to fight for one of the three IR licenses.<\/p>\n\n\n\n
\u201cThe Group\u2019s strong financial position puts it in an exceptional position to develop a truly transformational project in Japan. The Japan IR investment will enable the Group to optimize its balance sheet and create attractive and sustainable returns to shareholders in the medium and longer-term, as it did with the Singapore IR (Resorts World Sentosa),\u201d it said.<\/p>\n\n\n\n
\u201cThe Company expects the return of the Japan IR project to be commensurate with market expectations and conditions of similar projects in the leisure, hospitality and gaming industry,\u201d it added.<\/p>\n","protected":false},"excerpt":{"rendered":"
The operator identifies Osaka, Yokohama and Tokyo as primary locations of interest.<\/p>\n","protected":false},"author":2,"featured_media":2564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Singapore, operator of Resorts World Sentosa, has unveiled its integrated resort development strategy for Japan, targeting Osaka, Yokohama, and Tokyo with a proposed investment of up to US$10 billion. The company is seeking shareholder approval to submit bids for one of the three available IR licenses, aiming to optimize its balance sheet and generate sustainable returns.","focusai_entities":"Genting Singapore, Resorts World Sentosa, Minister of Land, Infrastructure, Transport and Tourism","focusai_location":"Japan, Osaka, Yokohama, Tokyo, Singapore","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Strategy","query":"How does Genting Singapore's proposed US$10 billion capital allocation for a Japan IR align with its broader enterprise risk management framework and projected return on invested capital (ROIC) compared to alternative growth opportunities?"},{"label":"Regulatory Compliance Outlook","query":"What specific regulatory compliance challenges and governance frameworks does Genting Singapore anticipate navigating within Japan's nascent IR market, particularly concerning responsible gambling and AML protocols?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,1076,473,470,2131],"class_list":["post-2558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-genting","tag-ir","tag-japan","tag-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2558"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2558\/revisions"}],"predecessor-version":[{"id":22039,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2558\/revisions\/22039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2564"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}