Saturday, December 09, 2006

Genting Bags Sentosa Casino and Resort

(Picture Source: The Business Times, Singapore)

It didn't come as a surprise. Genting-Universal has bagged the integrated resort project with casino at Sentosa. Dad picked the IR winner again, as predicted in an earlier posting. Other postings on Sentosa IR race.

What came as a surprise was the revelation that Genting has a 30-year exclusivity arrangement with theme park giant Universal in Southeast Asia, which has a combined population size of 500 million people.

This means Universal cannot build another theme park in Indonesia, Thailand, the Philippines, or Malaysia, which has been courting Universal for some time, in the next three decades.

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