Local partners are Sega Sammy, Sohgo Security Services, plus Kajima, Takenaka and Obayashi Corporations
In an announcement approved last week, Genting Singapore Limited confirmed that further to the Company’s EGM held on 4 February 2020 with regard to the proposed bid for an Integrated Resort (IR) project in Japan, the Company is leading a consortium of local Japanese corporations and has submitted a bid in response to the Yokohama City Request for Proposal (Yokohama IR Bid).
“We are pleased to announce that our submission consortium comprises reputable Japanese corporations, including Sega Sammy Holdings Inc., Sohgo Security Services Co., Ltd. (ALSOK), Kajima Corporation, Takenaka Corporation and Obayashi Corporation,” reads the official company announcement.
“Our vision is to create a world-class IR destination that is strategically positioned, sustainable and anchored on strong local collaborations. Having both solid financial strength and over 30 years of successful track record in developing tourism-focused IRs, we are ideally positioned to deliver an iconic IR to transform and grow Yokohama City to become a major tourist destination. In turn, the City will be an in-bound tourism gateway to Japan and contribute towards Japan’s tourism growth Strategy,” adds the document.
The Singapore-listed operator has a current market value of SGD10.5 billion (US$7.9 billion) but gave no further details of its stake in the consortium. Genting is competing against Macau’s Melco Resorts & Entertainment in the Yokohama prefecture, but is seen as the front runner in the bid.
