Wednesday, February 21, 2024 - Login

Genting Singapore’s Macau unit to be dissolved


Genting Singapore announced on Friday that its indirect wholly-owned Macau subsidiary, Genting Star (Macau) Limited (GSML) has been dissolved and liquidated.

According to an announcement from the casino operator, the liquidation of the Macau subsidiary “is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company for the financial year ending 31 December 2016.”

Genting Group first acquired Genting Star (Macau) and its parent company, Genting Star Ltd in September 2005.

At the time, Genting Star and the Genting Group were to be involved in the development of a casino hotel in Macau, however, Genting Group pulled out of the gaming venue after concerns from Singapore authorities.

Genting Star had not been involved in any other projects in Macau since.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief