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Source:
www.mha.gov.sg |
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MEDIA STATEMENT ON GENTING
AND THE SENTOSA INTEGRATED RESORT |
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MHA has received several media queries about
transactions in Macau by Genting International Limited (GIL) and Star
Cruises Limited (SCL) in Macau. |
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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. |
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The signing of the Development
Agreement and the issuance of a Casino Licence are two separate
matters. |
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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. |
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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.
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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. |
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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. |
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Casino Regulation Division
Ministry of Home Affairs
27 Feb 07 |
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Source:
www.mha.gov.sg Media Release 27 Feb
2007 |
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Related Article: |
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Genting International and Star Cruises wins Sentosa IR bid |
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Media statement on Genting and the
Sentosa Integrated Resort