Genting noted that the Tokyo office’s business purpose is (a) to develop and manage the company’s leisure and hospitality business; (b) administration and resource support, including research and market studies, investment and promotion; (c) Any and all businesses incidental or related to each of the foregoing.
"The establishment of the Japan Branch is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the company for the financial year ending 31 December 2017,” the casino operator pointed out.
Genting Singapore, which operates Singapore casino complex Resorts World Sentosa and is a subsidiary of Malaysian conglomerate Genting Bhd, had been eyeing to take a piece of Japan’s casino industry pie since last year.
The company abandoned its casino joint venture on South Korea’s Jeju Island to focus its energy
Source: GMB / Calvin Ayre
