Genting International PLC1 is an integrated resorts development specialist. Its principal activities/core business include development and/or acquisitions of integrated resorts; casino operations; international sales and marketing services, information technology (IT) application related services. It has two segments.
The investments segment invests in assets to generate income and cash flows. The leisure and hospitality segment provides sales and marketing services and IT related services to leisure and hospitality related businesses and casino and international betting operations. In March 2007, the Company's subsidiary, Stanley Leisure PLC, disposed of its international betting operations. In May 2007, it acquired Genting International Services Singapore Pte Ltd. In October 2007, it acquired Equarius Resort Sdn Bhd, Infinity at The Bay Sdn Bhd and S.E.E.D Resort Pte Ltd, from WorldCard International Limited. On November 22, 2007, it incorporated Genting Stanley Alderney Limited.
|Address||1526-1527, Ocean Centre 5 Canton Road, Tsimshatsui, Kawloon Hong Kong|
- October 3, 2008 - Genting raises stake in Resorts World2 - Genting International, through wholly owned Star Eagle Holdings, has increased its investment in Resorts World at Sentosa (RWS) from 1.7 billion ordinary shares to two billion ordinary shares by way of subscription of an additional 300 million new ordinary shares for a cash consideration of $300 million. RWS is fully owned by Star Eagle.