Tan Sri Lim Kok Thay’s Genting group is quietly revamping its operations in London where more casino friendly laws are being weighed alongside potential job creation.
That’s what Tan Sri Lim Kok Thay is betting on as the group steps up efforts to won premium players in London and to beef up the competitiveness of its offerings in other parts of the UK .
In Oct 2012, constructing work began on Genting UK ’s rm615 million Resorts World Birmingham, an integrated complex with a casino, hotels and etc … that is slated for completion in Jan 2015.
In London , Genting in Dec 2012 shuttered the poker only Fox Poker Club which will be reopened as March 2013 as a Genting casino after renovation.
Genting’s attempt to bolster its UK operations also comes at a time lawmakers are reportedly contemplating legislation changes that would allow easier movement of casino licenses between localities in the UK . British gaming industry players are lobbying for the move to facilitate expansion in better locations. Some politicians are reported to be in favor of it as allowing licenses to be ported from one local jurisdiction to another would mean no additional licenses would be issued.
Tan Sri Quek Leng Chan also seems to be eyeing the London gaming market.
While countries like Japan and South Korea may potentially be new growth markets for the Genting group, should it win a license, there is concern about some cannibalization of existing casino markets.
Industry observers are lowering expectations of Genting being successful in its bid for a full casino license in NY.
Genting had also a presence in Philippines but lacks a presence in Macau . However its UK casino is seeing higher patronage.
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