Genting Singapore, operator of Resorts World Sentosa, is seeking investor approval to commit up to $10 billion toward a potential integrated resort (IR) project in Japan. The extraordinary general meeting will be held next month at Resorts World Sentosa, where shareholders will decide whether to authorize the company to move forward with its proposals.
“The Japan IR project presents a unique opportunity for the Company to enhance its growth profile,” the board stated, adding that Genting is well-positioned to deliver a “transformational” resort if awarded one of Japan’s three IR licenses.
At $10 billion, the project would represent the most expensive standalone casino resort ever developed. The budget accounts for land acquisition, environmental requirements, construction, pre-opening costs, and other factors tied to the competitive bidding process.
Japan’s $20 Billion Opportunity
Japan’s gaming market is projected to exceed $20 billion annually, drawing intense interest from global casino giants. Las Vegas Sands is targeting Yokohama and Tokyo, while MGM Resorts is pursuing Osaka. Both operators have indicated multibillion-dollar budgets, with Sands founder Sheldon Adelson suggesting a $10 billion spend, and Melco Resorts’ Lawrence Ho declaring he has “no cap” on investment.
Genting Singapore is the first major operator to formally seek shareholder backing for such a sum. It has responded to concept requests in both Osaka and Yokohama and may submit multiple bids if authorized.
Experience Advantage
Genting points to its global gaming portfolio—including properties in Malaysia, the UK, the Bahamas, New York City, and soon Las Vegas—as proof of its capability. Its flagship Resorts World Sentosa, completed in just 34 months, now welcomes over 20 million annual visitors and contributed more than one-third of Singapore’s international arrivals in 2018.
The company emphasized its ability to meet high regulatory standards, citing its track record in Singapore, where casino and non-gaming operations remain tightly regulated.
Only a simple majority of shareholders is needed to approve the $10 billion authorization.
Explore trusted online casino review with Casino Singapore Review. Ready to play? Sign up now and start winning today!
