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Casino Firm Genting Singapore Draws Takeover Interest

  • MGM Resorts approached Lim family, deal didn’t materialize
  • Genting Singapore shares rose up to 9.3% before trading halt
The Resorts World Sentosa integrated resort and casino complex, operated by Genting Singapore, in Singapore.

The Resorts World Sentosa integrated resort and casino complex, operated by Genting Singapore, in Singapore.

Photographer: SeongJoon Cho/Bloomberg
Updated on

Shares in Genting Singapore Ltd. jumped after Bloomberg News reported that the city-state’s casino operator is attracting takeover interest, as tourists start coming back to the Asian travel hub.

US rival MGM Resorts International recently approached the firm’s controlling shareholder, the billionaire Lim family, to express its interest in a deal, people with knowledge of the matter said. While those discussions didn’t lead to an agreement, other potential suitors have also been in the preliminary stages of studying Genting Singapore, said the people, who asked not to be identified because the information is private.