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The management of Genting Singapore Ltd, operator of the Resorts World Sentosa casino resort, said it has made corporate decisions based on its expectation of a “successful bid” for a Japan integrated resort (IR), as these complexes are known in that country. Such expectation was “based on the group’s commendable track record in developing and successfully operating Resorts World Sentosa in Singapore,” stated Tan Hee Teck, the firm’s president and chief operating officer. His comments were made during the company’s annual general meeting, according to a presentation d...

Genting Singapore grants US$5 million award shares to staff and directors 8.8k VIEWS Genting Singapore, the arm of Malaysian gaming giant Genting Berhad that operates Singapore’s Resorts World Sentosa and is seeking a Japan IR license, has announced the granting of almost 8 million share awards to staff, including 2 million shares awards to six directors. The share awards, worth a SG$0.85 each or a combined SG$6.6 million (US$5.0 million) as of 1 March 2021, comprise 5,765,000 granted to “selected employees of the Genting Singapore Group.” The remaining 2 million shares worth SG$1.7 mil...

Genting Singapore Ltd, the promoter of Singapore’s Resorts World Sentosa casino complex, granted on Monday a total of SGD1.7-million (US$1.3-million) worth of performance-based shares to directors of the firm, including Lim Kok Thay (pictured), its executive chairman and current head of the Genting group’s founding dynasty. According to a Monday filing to the Singapore Exchange, Genting Singapore disbursed a total of 7,765,000 award shares, priced at SGD0.85 per unit – the closing price on Monday – under what the firm called its “performance share scheme”. In early February, Gent...