The announcements has been made. Some will leave; new ones will take over the helm of Genting Singapore. Resorts World Sentosa (RWS) chief executive Tan Hee Teck will now take on the additional roles of Genting president and chief operating officer on January 1,2010.
At the same time, Lee Shi Ruh—now vice-president for finance at Genting Malaysia — will skip over the Causeway to become the firm’s CFO.
Lee has been with the group since 1994, and has 20 years of financial, accounting and auditing experience.
The Genting board of directors said Tan Hee Teck’s track record in the development of the RWS integrated resort and his other corporate experience would put him “in good stead to assume leadership of the company and the group”.
Genting Malaysia is South-east Asia’s largest gaming firm, but it also has large interests in oil palm plantations, property development and the power sector.
Its Singapore unit is the largest casino operator in Britain, and its casino at RWS is seen as one of the group’s key earnings drivers in the future.
The entire IR has the capacity to host up to 35,000 people, including one of Asia’s largest column-free ballrooms that seats 7,300 guests.
Other attractions include the world’s largest marine life park and six hotels within a Las Vegas-style entertainment complex.
Aside from the casino and convention facilities, RWS will also house the Universal Studios theme park when it opens its doors for business next year.
The theme park — the first of its kind in South-east Asia — is expected to be one of the IR’s biggest draws.
Details of RWS’ five other zones — Sci-Fi City, Ancient Egypt, The Lost World, New York and Hollywood — will be announced later.
The resort is on track for its soft opening within the first quarter of next year.
Everyone is watching the new RWS now that the competitor, Marina Bay Sands Hotel will only be able to open in April 2010.
Will the shares of Genting 'up and away'? Does Genting have future plans to set up casino resorts as well in Japan, Thailand, India, Vietnam, South Korea and Taiwan?
I am watching.
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