Genting Singapore marks Japan presence with new office

Casino operator Genting Singapore PLC is making its presence felt in Japan ahead of the passage of an important casino legislation in the island nation.

In a disclosure to the Singapore Stock Exchange on Wednesday, Genting Singapore announced that it opened a branch office in Tokyo, Japan as the country opens its doors to big casino industry players.

Genting noted that the Tokyo office’s business purpose is (a) to develop and manage the company’s leisure and hospitality business; (b) administration and resource support, including research and market studies, investment and promotion; (c) Any and all businesses incidental or related to each of the foregoing.

“The establishment of the Japan Branch is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company for the financial year ending 31 December 2017,” the casino operator pointed out. “None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the establishment of the Japan Branch other than through their respective shareholdings in the Company.”