Resorts World Sentosa, a unit of Genting Singapore Plc, Asia’s biggest casino operator by market value, borrowed $4.2 billion to refinance debt, including $3.5 billion in term loans and $500 million in revolving credit facilities, according to a Feb. 1 company statement. Nineteen lenders helped arrange the loans while a $192.5 million banker’s guarantee facility was provided by DBS Bank and Oversea-Chinese Banking Corp., according to the statement.
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Michael Cottan has been appointed VP/GM, Shangri-La Hotel, Singapore wef August 2010
Work experience: VP/GM, Shangri-La Hotel, Bangkok; more than 30 years of hospitality experience
Michael Cottan has been appointed VP/GM, Shangri-La Hotel, Singapore wef August 2010
Work experience: VP/GM, Shangri-La Hotel, Bangkok; more than 30 years of hospitality experience
Tung Lok Restaurants (2000) says the company’s wholly-owned subsidiary Tung Lok Millennium Pte Ltd (TLM) will terminate its cafeteria operations service agreement with Resorts World Sentosa at the end of the month.
Under the deal announced on Jan 4, Tung Lok Millennium would operate and provide food and beverage services at two of the larger staff cafeterias of Resorts World Sentosa.
No reason was given for the termination.
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Jane Suporn has been appointed VP, Revenue & Strategy wef June 1
Work experience: Group director, revenue management, Marco Polo Hotels, Hong Kong; director, revenue management, InterContinental Hotels Group
Parkway Shenton, the primary healthcare solutions provider owned by Parkway Holdings, has opened new clinics at Changi Business Park, Novena Medical Centre, and Resorts World Sentosa. With this development, Parkway Shenton operates a total of 49 clinics and health screening centres in Singapore.
LifeBrandz has opened its second Mulligan’s Irish pub and restaurant at Resorts World Sentosa.
This follows the success of its first Mulligan’s outlet at The Cannery in Clarke Quay, says LifeBrandz in an SGX statement.
The pub and nightclub operator also announced it will open a beach-front bar in Pattaya, Thailand, next month, marking its first venture overseas.
Lifebrandz, the operator of entertainment and nightlife outlets, will open its flagship Mulligan’s in Resorts World at Sentosa at The Forum in late May, making this the group’s 11th outlet.
Resorts World at Sentosa and Tiger Airways Singapore today announced plans for a chartered aircraft dedicated to flying overseas guests to Resorts World Sentosa.
Yet to be named, the private flight service, operated by Tiger Airways, will have an aircraft operating as a dedicated charter service for Resorts World Sentosa, transporting guests between Singapore and other cities around the region.
Bloomberg says Genting Singapore Plc., the unit of Asia’s largest publicly traded gambling operator Genting Bhd., will open the island-state’s first casino as Chinese New Year celebrations commence.
Genting’s Resorts World at Sentosa will open its casino to the public this Sunday, according to an e-mailed statement today. Universal Studios Singapore will open to the public in early March, the resort operator said.
The resort complex also houses a Universal Studios theme park, shopping malls, restaurants and four hotels, which began accepting guests last month. Two more hotels are scheduled to be opened after 2010, according to its Web site.
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Singapore’s Casino Regulatory Authority said today it had issued a licence for Resorts World at Sentosa, operated by Genting Singapore PLC <GENS.SI>. RWS is one of two casinos which will start operation in Singapore this year.
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DBS will open the first bank branch at Resorts World Sentosa (RWS) on Jan 28. In addition to the branch, a network of 17 ATMs and 4 AXS stations will be set up within the resort.
DBS will also provide transactional banking services for the resort’s operations and support its employee benefits programme.
Asiatravel.com Holdings says it has entered into an agreement with Resorts World Sentosa to provide accommodation, transportation and sales support for visitors to RWS and its Universal Studios theme park when it starts operations.
Together with Resorts World Sentosa, and its hotel and airline partners, Asiatravel.com is putting together affordable packages comprising Universal Studio ticket, hotel accommodation, and air and land transportation, to attract a wide range of visitors to the resort.
CLSA has reiterated its positive view on Genting Singapore plc (G13.SG) after the gaming company says hotels at its new integrated resort Resorts World Sentosa will open on Jan 20.
The brokerage says the opening of Resorts World Sentosa ahead of rival casino offering Marina Bay Sands means Resorts World Sentosa will get to enjoy a 100% market share for some months, which bodes well for margins.
Genting Singapore Plc unit Resorts World Sentosa said it plans to begin a phased opening of its casino project in Singapore on Jan 20.
The casino resort will start taking room and restaurant reservations for its first four hotels Jan 11, the company said in a statement e-mailed today. The casino will be opened once the company gets its casino license, it said.
Krist Boo, a spokeswoman at Genting Singapore Plc unit Resorts World Sentosa, said the $6.3 billion casino resort in the city-state is “on track to open in early 2010.”
The opening may be delayed by a month to March after it had to resubmit its casino license application this month, Singapore-based English-language newspaper Today reported today, without citing anyone.
Victoria’s Secret will open its first Asian store at Genting Bhd.’s gambling resort on the island of Sentosa in Singapore, the local press reported.
The lingerie retailer will open at Resorts World in the first quarter, the newspaper said, citing Ashvin Valiram, director of Malaysia-based retailer Valiram Group.
It plans to fly in brand ambassadors such as Sharon Stone and Orlando Bloomto various events, and doesn’t rule out organising the Victoria’s Secret fashion show, say the reports.
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