Twister in Genting!


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Deceased

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Oct 20, 2004
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#1
Tuesday February 27, 7:43 PM
Singapore says has not yet awarded casino licence to Genting

SINGAPORE, Feb 27 (Reuters) - Singapore said it has not yet awarded a casino licence to Genting Bhd. , even though the Malaysian gaming group won a tender in December giving it the right to build and run a $3.4-billion resort in the city-state.

Genting's two affiliates Star Cruises and Genting International caught the authorities by surprise last month when they announced a separate tie-up with Macau gambling tycoon Stanley Ho.

"The signing of the development agreement and the issuance of a casino licence are two separate matters," Singapore's Ministry of Home Affairs casino regulator said in an emailed statement on Tuesday.

"The signing of the development agreement allows Genting International and Star Cruises to proceed with the construction of the integrated resort. However, it does not automatically qualify them for the casino licence, which is needed before it can operate the future casino."

On Thursday, Genting is due to sign an agreement with Sentosa Development Corp., a government-owned body which runs the resort island where the casino will be built.
 

Deceased

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Oct 20, 2004
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Well Done, Singapore!
Thailand pwned us, We pwned others!

Did our leaders announce there is a separate issues for building and operating a casino in the 1st place?
What is the point of building a casino but give rights to other people to operate?

Lots of investors gonna lose money on this counter.

:thumbsd: :confused: :thumbsd:
 

vee

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Sep 28, 2005
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Simple...........stanley ho has bad reputation...............nobody asks genting to tie up with stanley. The genting group didnt do their homework...they should know singapore dont tolerate triads................so they shouldnt tie up with stanley. Singapore government is not stupid. Genting is very much welcomed but not stanley. So Genting should behave in the first place.
 

vee

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Sep 28, 2005
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#4
Actually genting knows singapore government dont tolerate triads, and those shabby dirty businessmen, but they still announced that they may have some joint venture with stanley, that is like giving a slap to the singapore government isnt it?????? so what do you think the singapore government would do??????????
 

Deceased

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Oct 20, 2004
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Simple...........stanley ho has bad reputation...............nobody asks genting to tie up with stanley. The genting group didnt do their homework...they should know singapore dont tolerate triads................so they shouldnt tie up with stanley. Singapore government is not stupid. Genting is very much welcomed but not stanley. So Genting should behave in the first place.

Even then, it shouldn't announce that is 2 separate issues.
If is 2 different issue, why bother to bid?
Who cares about building a casino??

Com'on what kind of business we are talking about.
Casino!!!!.... How clean can it be?

Maybe it should run by Singapore Pools instead giving it to others.
No more triad business....or rather....under one family.

Reminds me of Jack Neo's movie.
Just Follow Law.


:rolleyes: :sweat: :rolleyes:
 

vee

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Sep 28, 2005
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#7
yes it can never be that clean but not stanley ho who has huge bad reputation. as again i said why stanley when there are so many investors around??????? genting is the one responsible for their own share price. Singapore government is ready to give them the licence until stanley ho showed interest. genting can say no but they didnt. so there is an issue now.
 

vee

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Sep 28, 2005
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#8
there is no problem with sands...................dont forget that.......yes yes singapore government is not perfect..........but i think they are doing the right job by refusing stanley ho. Casino itself is already a sensitive issue so we dont need colourful character like stanley to add to more problems.
 

vee

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Sep 28, 2005
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#9
to announce that the casino licence has not been awarded is like giving a warning to genting.....understand???????
 

vee

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#11
hahahahahah thats a good one........................so maybe now the ball goes to the singapore government to say no loh.
 

nemesis32

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Oct 16, 2003
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#12
If anything, it just reflect badly on Singapore. Genting and its subsidiaries are public listed companies, their shares can be purchased by anyone. Singapore award to Genting and not its shareholders. How can we even try to be financial hub if the government even fail to realise this?
 

raincool2005

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Sep 10, 2005
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#13
Tuesday February 27, 7:43 PM
Singapore says has not yet awarded casino licence to Genting

SINGAPORE, Feb 27 (Reuters) - Singapore said it has not yet awarded a casino licence to Genting Bhd. , even though the Malaysian gaming group won a tender in December giving it the right to build and run a $3.4-billion resort in the city-state.

Genting's two affiliates Star Cruises and Genting International caught the authorities by surprise last month when they announced a separate tie-up with Macau gambling tycoon Stanley Ho.

"The signing of the development agreement and the issuance of a casino licence are two separate matters," Singapore's Ministry of Home Affairs casino regulator said in an emailed statement on Tuesday.

"The signing of the development agreement allows Genting International and Star Cruises to proceed with the construction of the integrated resort. However, it does not automatically qualify them for the casino licence, which is needed before it can operate the future casino."

On Thursday, Genting is due to sign an agreement with Sentosa Development Corp., a government-owned body which runs the resort island where the casino will be built.
that means.. they can developed the place but not operating it. Wat logic is this ?
 

Feb 26, 2003
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#16
So Stanley Ho not ok but all these Indonesian businessmen who ripped off their countrymen ok?
 

compro_1975

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Apr 24, 2005
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#17
actually Genting should hav a indenpendent subsidery for the sg business, malaysia's and china's... different place dufferent law and so on
 

eikin

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Apr 27, 2004
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#18
the government has the right to reject the issuance of license, i don't see anything wrong with that. there's no precedent to the legal running of casino within singapore anyway, it's only natural that more precautions are taken.
 

eikin

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Apr 27, 2004
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#19
maybe can give the license to 朱厚任, 郑惠玉 and 李南星 then can do 双天至尊 :bsmilie:
 

chong_lim

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Mar 19, 2005
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#20
So Stanley Ho not ok but all these Indonesian businessmen who ripped off their countrymen ok?
haha... this is a good one. Singapore got lot of money from Indonesian businemen mah. Bring to singapore can push up the singapore economy..... damn crap
 

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