Genting is targeting Japan

genting casino bid japan

Credits: REUTERS/Samsul Said

The Singapore gaming company Genting is strengthening its businesses around the world.

Japan.- According to Genting Singapore, the Japanese market has been selected as one of the targets for the Asian company. Since the Japanese Congress decided to approve the casino law late in 2016, the Singapore firm Genting Group has landed in the country to plan the development of a casino.

Genting released a statement announcing that the company has applied to “offer Japanese-yen denominated bonds via its brand-new office located in Tokyo.” The new branch will focus on the development and management of leisure and hospitality businesses and the provision of administration and resource support, including research and market studies, investment and promotion, and all business related to the establishment of an IR in the country, as the company stated.

Genting filed a document with the Singapore Stock Exchange where it unveiled more details such as that  all proceeds gathered through the bonds will be used by the Japan office. The company opened the first branch last September 20 in order to strengthen its position in the continent.