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Universal Studio Still Bidding for Singapore Casino

23 Jun 2005

SINGAPORE – As reported by Reuters: "Global entertainment giant Universal Studios said on June 23 it remained committed to a Malaysian-led consortium bidding for one of Singapore's two casino resorts, dismissing industry rumours that it had left the group.

"'We are very much still partnering with Genting and are an integrated part of their proposal,' Universal spokeswoman Cynthia Gordon told Reuters in an email.

"Malaysian casino company Genting Bhd and cruise operator Star Cruises Ltd said in April that they had teamed up with the theme parks arm of Universal Studios, controlled by General Electric Co, for its proposal to develop a casino on Singapore's resort island of Sentosa.

"Gordon said Universal would derive revenue from royalties on licensing if their bid was successful.

"…The company, behind successful Hollywood movie franchises such as Jurassic Park and Jaws, already runs a theme park in Japan but its expansion plans for the region were hit last year when China withheld permission for a planned theme park in Shanghai…"

 
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