Singapore sees opening Genting Casino

09-01-2010

The Genting Casino resort in Singapore is set to open on January 20. This means that Genting will open its casino at least three months earlier than Las Vegas Sands. As soon as local authorities provide the required gaming license gambling can start.

Genting – Sands clash

Two casinos have been permitted to start operating, resulting in a clash between Genting and Sands to see which would be the first casino to open in Singapore. Earlier, Sands proclaimed suspensions that result in opening its casino in April, which is quite optimistic according to industry experts.

Singapore casinos

The new Singapore gambling venues will focus on the Asian high-roller market, which is presently dominated by Macau casinos. Singapore casino operators can provide better jackpots and perks than the Macau competition, given the fact that Macau gaming net revenue is taxed at 40% in comparison to 12% in Singapore.

Genting casino resort

An Universal Studios theme park also features Genting’s property, which will probably open in the very near future. Despite the fact that Genting had no date for both the permits for the theme rides and the gambling license, it’s likely that both will be provided shortly.

Gambling license

The completed gaming license application was offered last month, according to Singapore officials. Before granting a license, a period of three months is necessary for investigation, reviews and background checks.