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Genting: Attractions Offset Gaming Uncertainties in Asia and a $2.8bn Investment in Las Vegas

Genting

CIMB Equities Research report that Genting Bhd has announced an investment ofRM11 billion (US$2.8 billion) over the next three years for Las Vegas Phase 1.

Meanwhile, in the company's third quarterly report, Genting talk about the uncertainty in the gaming industry in Asia, and a focus on attractions at RWS:

"As Asia’s middle class continues to grow and prosper, RWS’s world-class attractions have been afoundation for it to market to the region. Its uniquely Singapore style Integrated Resort concept hasserved it well to position its resort branding. RWS continues to execute its transformationalinitiatives to anchor itself as Asia’s premium lifestyle destination. This includes propertyenhancement projects which have already begun with the Maritime Experiential Museum (“MEM”)upgrade at the existing property. The MEM, which is currently Asia’s only maritime silk-road themedmuseum, is scheduled to unveil its fully refurbished facility with renewed content by end 2017. It willbecome a world class edutainment spot in Singapore complementing RWS’s existing cluster oficonic themed attractions. Genting Singapore PLC believes its commitment to RWS’s continuousdevelopment and transformation in keeping with latest market trends and competition will driveSingapore’s tourism to the next level of sustainable growth."

Genting plans RM11b for Las Vegas Phase 1 | The Star