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Ong Beng Seng Joins Genting's Casino Bid

16 Sep 2005

SINGAPORE – As reported by the Dow Jones: "Singapore businessman Ong Beng Seng is joining Malaysian casino company Genting International PLC (G16.SG) and U.S. theme park operator Universal Studios in their bid to build a casino resort on Sentosa island, the Business Times reports.

"Quoting unnamed sources, Business Times said Ong will be investing an undisclosed sum in his personal capacity, rather than through his listed vehicle, Hotel Properties Ltd. (H15.SG).

"The report, if true, signals a comeback for Ong as Hotel Properties and partner Metro Holdings Ltd. (M01.SG) had earlier withdrawn from the bidding to build one of two casino resorts in Singapore…"

 
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