Gambling/General : Star Cruise's stake part of Genting?
By Joni Hawk
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Apr 17th 2007 |
Gaming firm Genting International intend to acquire sister firm Star Cruises's 25% stake in their common Singapore casino project for $255 million (RM580 million). The point is that the acquisition of the stake would give Genting International full control of the $3.4 billion (RM11.7 billion) Singapore casino.
Genting International and Star Cruises, both controlled by the family of Tan Sri Lim Goh Tong through Genting Bhd, won in December a offer to build Singapore's second casino. But the relations with the city-state's authorities were serious damaged after they revealed a tie-up with Macau gambling tycoon Stanley Ho a month later.
Genting International and Star Cruises, both controlled by the family of Tan Sri Lim Goh Tong through Genting Bhd, won in December a offer to build Singapore's second casino. But the relations with the city-state's authorities were serious damaged after they revealed a tie-up with Macau gambling tycoon Stanley Ho a month later.
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Star Cruise's stake part of Genting?
