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Harrah’s pulls out of Singapore casino race
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Mount Batten Group
c£65,000pa + pension + benefits
location: mount batten centre, plymouth, United Kingdom
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Gaming giant Harrah’s has pulled out of the race to run Singapore’s second casino on the resort island of Sentosa, saying it would be too costly.
Malaysian entertainment group Genting and a consortium led by US gaming firm Kerzner International have now emerged as the favourites.
Harrah’s had entered into a partnership with Singapore developer Keppel Land to bid for a 30-year licence to run the casino, the second to be built since the country revoked its casino ban last year.
Las Vegas Sands won the right to operate the first casino with a US$3.2bn (£1.7m, 2.54bn euro) bid in May this year.
Meanwhile, last week Harrah’s received a US$15bn (£8bn, 12bn euro) takeover bid from private equity firms Apollo Management and the Texas Pacific Group. Details: www.harrahs.com
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Gaming giant Harrah’s has pulled out of the race to run Singapore’s second casino on the resort island of Sentosa, saying it would be too costly.
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