Wednesday, June 29, 2011

Genting up on UK casino licence

KUALA LUMPUR: GENTING BHD [] shares rose on Wednesday, June 29 after its UK subsidiary, Genting UK was awarded a licence to operate a casino in Birmingham.

At 11.30am, Genting rose two sen to RM11.20 with 2.21 million shares traded.

The BBC reported that a hotel, spa, multi-screen cinema, conference and banqueting centre and designer shopping outlets have also been proposed at the site, said the report on June 28.

Solihull Council said it had granted a large casino premises licence to Genting UK, which has said the whole complex could provide 1,700 jobs, said the BBC.


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