Wednesday, August 17, 2022

Genting Singapore sets up subsidiary in South Korea


Casino operator Genting Singapore has set up a new subsidiary in South Korea, Claremont Co Ltd, which will focus on leisure and hospitality related businesses, according to a filing on Tuesday.

“Claremont’s business objectives will be the provision of support services to leisure and hospitality related businesses, the provision of resource support, and all incidental businesses related to the foregoing objectives,” said the company.

Genting Singapore currently has a partnership with Landing International Development to build a $1.8 billion casino resort on South Korea’s Jeju Island.

The new subsidiary is not expected to have any material impact on consolidated net tangible assets and earnings per share of the company for the financial year ending 31 December 2016, said the company.

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

3rd party / Cookies
Show settings
Contact us

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

Asia Gaming Brief