Genting Group plans more in IM

21 January 2010 , By Property Report Asia

Genting Group, announced it is looking into developing more projects – a mall, a resort and an “interactive theme park” in Iskandar Malaysia in addition to the Resort Word Sentosa (RWS). The statement was shared by chief executive officer, Lim Kok Thay, at the company´s 45th annivessary celebrations in Kuala Lumpur yesterday.

Asia´s largest publicly traded casino operator along with US-based Simon Property Group in a joint-venture, have already invested RM200 million (S$83 million) in a shopping complex. It is also in the midst of planning another larger-scale development to attract more visitors and make “Iskandar a hub”.

According to Star online, Lim revealed that RWS is ready to open its doors even though no concrete news has been given on Genting being issued the casino licence.

The Genting Group comprises four listed companies – Genting Bhd, Genting Malaysia Bhd, Genting Plantations Bhd and Genting Singapore PLC. The group has a combined market capitalisation of about RM 84.5 billion at the end of December last year.