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     FrontPage Edition: Tue 27 February 2007

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Media statement on Genting and the Sentosa Integrated Resort

Source: www.mha.gov.sg

MEDIA STATEMENT ON GENTING AND THE SENTOSA INTEGRATED RESORT

MHA has received several media queries about transactions in Macau by Genting International Limited (GIL) and Star Cruises Limited (SCL) in Macau.
The consortium led by GIL and SCL has been awarded the project to develop the Integrated Resort (IR) on Sentosa. The consortium is due to sign the Development Agreement with the Sentosa Development Corporation on 1 Mar 07.
The signing of the Development Agreement and the issuance of a Casino Licence are two separate matters.
The signing of the Development Agreement allows GIL-SCL to proceed with the construction of the IR. However, it does not automatically qualify GIL-SCL for the Casino Licence, which is needed before it can operate the future casino.
The consortium¨s eligibility for a Casino Licence will depend on its suitability and the considerations to determine suitability are listed under Section 45 of the Casino Control Act. The Casino Control Act can be found at http://statutes.agc.gov.sg.
MHA has informed GIL and SCL that MHA will be conducting suitability checks on the relevant parties to ensure that the consortium meets the suitability requirements before the Casino Licence is issued.
We have requested that the necessary corporate and personal history disclosure forms be completed and submitted by the parties concerned. GIL, SCL and their associates are also required to remain suitable after the Casino Licence has been issued.

Casino Regulation Division

Ministry of Home Affairs

27 Feb 07

Source: www.mha.gov.sg Media Release 27 Feb 2007

Related Article:
- Genting International and Star Cruises wins Sentosa IR bid

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