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Genting Buys UK Casino Businesses for RM1.7billion

PETALING JAYA: Genting Malaysia Bhd. will acquire its Singapore affiliate’s casino businesses in Britain for £340mil (about RM1.67bil).

It said in a statement yesterday the acquisition of Genting Singapore PLC’s operations in Britain (Genting UK) complemented its long-term international expansion strategy.

Genting Malaysia plans to enter Europe and the United States where it had separately announced that it had submitted a bid for a video-lottery-licence.

President and Chief Operating Officer, Datuk Lee Chong Yan said the acquisition would give the company access to established casino brands and an extensive network of casinos already operating across Britain.

“With our proven track record and decades of experience, we have the expertise to unlock the potential of Genting UK and grow the business in Britain,” he said in the statement.

The acquisition is subject to approvals from Bank Negara and the British Gambling Commission, as well as from the company’s shareholders at an EGM to be convened.

Genting Malaysia told Bursa Malaysia the company was optimistic about the outlook of Genting UK businesses as the operating environment gradually strengthened and the economy improved.

However, it said, the Genting UK businesses were subject to risks inherent to the casino gaming industry, which were broadly similar to those currently faced by the company.

It said there was no assurance that strategies implemented by the company for Genting UK businesses would produce the desired outcomes.

This article was published in the StarBiz on 2nd July 2010.


The Chambers Asia Pacific 2018 Rankings

Skrine has been ranked as Leading Firm for Dispute Resolution, Intellectual Property and Projects, Infrastructure & Energy.


The Legal 500 Asia Pacific 2018 Rankings

Skrine is pleased to announce that the Firm has achieved seven Tier 1 practice area rankings in The Legal 500 Asia Pacific 2018.

Our Tier 1 rankings are in the following areas: 
  • Banking and Finance
  • Corporate and M&A
  • Dispute Resolution
  • Intellectual Property
  • Technology, Media & Telecommunications
  • Real Estate and Construction
  • Labour and Employement

Skrine was also listed as one of the leading firms in the areas of Projects & Energy, and Shipping. 

Four Skrine partners were ranked as leading lawyers in their respective areas. 


Skrine Retains Who’s Who Legal Accolade for Malaysia

On 15th May 2017, the Who’s Who Global Awards was held in London, United Kingdom and Skrine was conferred the Award:

Malaysia Law Firm of the Year 2017

Skrine previously received this Award in 2013, 2014, 2015 and 2016.



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