• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Dead rail link not issue for Genting Sentosa: Maybank

May 29, 2018 Newsdesk Latest News, Singapore, Top of the deck  


Dead rail link not issue for Genting Sentosa: Maybank

Malaysia’s decision to scrap an expensive high-speed rail link between its capital Kuala Lumpur and the neighbouring city-state of Singapore should not have a negative impact on Genting Hotel Jurong, a facility built by Genting Singapore Plc to support its operations at casino venue Resorts World Sentosa (pictured).

So said on Tuesday Samuel Yin Shao Yang, an analyst at Maybank IB Research, in response to an email from GGRAsia.

Genting Singapore had a first-phase opening in April 2015 for the 557-room hotel, located approximately 15.4 kilometres (9.6 miles) from Resorts World Sentosa on the Singapore side of the border. Some commentators queried the decision to build fresh sleeping accommodation so far from the resort and to bring those guests in by bus.

But Mr Yin had pointed out at the time that the location at Jurong Lake was close to the proposed terminal for the rail link, at Jurong East. Many customers of Singapore’s two casino venues – Resorts World Sentosa, and Marina Bay Sands, the latter promoted by Las Vegas Sands Corp – are said to come from neighbouring Malaysia.

Maybank’s Mr Yin told us on Tuesday regarding Genting Hotel Jurong in the aftermath of the rail link cancellation: “I am not overly concerned that it will be a white elephant.”

“Genting Hotel Jurong is located in between the second link bridge [to Malaysia] and Resorts World Sentosa. Many tour buses from Malaysia would pass Genting Hotel Jurong anyway. In short, I think the hotel will still be viable in the long run,” he added.

Malaysia’s 92-year-old prime minister, Mahathir Mohamad – who returned to power in a general election in early May, amid disquiet about the management of the economy under the leadership of his predecessor Najib Razak – said on Monday that the rail link would have cost his country MYR110 billion (US$27.6 billion) and “would not earn us a single cent”.


  • tweet
Related articles
  • RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023
    RGB posts US$2.3mln 1Q profit,...

    May 29, 2023  

  • Genting Malaysia revenue at US$494mln in 1Q, narrows loss
    Genting Malaysia revenue at US$494mln...

    May 25, 2023  

More news
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference...

    May 30, 2023  

  • FBM enters U.S. market via Easy$Link deployment in Florida
    FBM enters U.S. market via Easy$Link...

    May 29, 2023  


Latest News

G2E Singapore trade show, conference begins today

G2E Singapore trade show, conference begins today

May 30, 2023  

The Global Gaming Expo (G2E) Asia 2023 Special Edition: Singapore starts today (Tuesday, May 30), at the Marina Bay Sands casino resort. The three-day event is organised by Reed Exhibitions and the...
Read More
FBM enters U.S. market via Easy$Link deployment in Florida

FBM enters U.S. market via Easy$Link deployment in Florida

May 29, 2023  

RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023

RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023

May 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


6,000

Total number of visitors expected at the Global Gaming Expo (G2E) Asia 2023 Special Edition: Singapore, running from May 30 to June 1



Most Popular

  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023
  • Ian Coughlan out of Wynn Macau Ltd board, Cameron-Doe inIan Coughlan out of Wynn Macau Ltd board, Cameron-Doe in May 29, 2023
  • Londoner Macao pulls in foreigners and Chinese: LVS CEOLondoner Macao pulls in foreigners and Chinese: LVS CEO May 25, 2023
  • Suntrust agrees to US$6mln loan from chairman Andrew LoSuntrust agrees to US$6mln loan from chairman Andrew Lo May 29, 2023
  • Londoner Macao to host Harry Potter exhibition in DecLondoner Macao to host Harry Potter exhibition in Dec May 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us