Casino News

Weekend opening possible for Singapore casino

2010-02-08 17:15:57

The first casino in Singapore could launch this weekend to try and cash in on the Chinese New Year, it has emerged.

According to Reuters, the Resorts World at Sentosa - owned by Genting - could attract thousands of people from mainland China to the gambling establishment if it opens on time.

A gaming licence was given to the organization on Saturday (February 6th), but it remained tight-lipped as to whether it would commence business in the near future.

The news provider stated that Deutsche Bank has predicted the casino to make over a billion Singapore dollars ($1.19 billion) in its first year of operation.

Share prices in Genting increased 5.4 per cent in Monday morning trading, but shed much of its gains to close 1.8 per cent lower.

While awaiting the issuance of a gambling license, the firm opened the rest of the $4.4 billion Resorts World Sentosa complex last month.