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Genting Bhd, has kicked off the Lunar New Year celebrations with the opening of its first casino in Singapore and is also planning to expand operations in the US. Chairman Lim Kok Thay had mentioned that they foresee great opportunities in the US market, and now with their Singapore Project having been launched, it proves to be a model for their future investments.

Genting Singapore Resorts World Sentosa Complex’s CEO stated, that this casino houses 530 trade tables, 1300 slot machines, 12 poker tables, with a theme park which is definitely attracting people worldwide. The property is promising and Singapore is looking forward to huge profits over a period of time. Genting Singapore Plc which is a unit of Asia’s largest publicly traded gambling operator, decided to open this casino despite the world recovering from the damaging effects of the recession and financial crisis which began in 2008.

The casino inauguration was carried out by Lim, Chairman of Genting Bhd, and not by a minister, which is typical of Singapore especially when such a huge investment was involved. Lim was thrilled when he announced that they would eventually be the most exciting gaming resort worldwide! Way back in 2005, Singapore announced that they were taking steps to overturn a ban on casinos that had been in force right from 1965, and now only two casinos have been developed so far. Singapore’s casinos are likely to support economic growth this year, as the external demand may grow at a slow-moving pace. The country is optimistic of luring around 17 million visitors making the annual tourism revenue increase three times to S$30 billion by 2015, with the help of two casino resorts.

Genting Singapore Resorts World Sentosa Complex is situated on the island of Sentosa, which is south of Singapore, and houses the spectacular Universal Studios theme park scheduled to be opened by March. Two more hotels are likely to be opened after 2010 and its good news for the Singaporeans by and large. Asian gamblers now have the privilege of gambling at exclusive casinos within their vicinity, rather than traveling to Las Vegas as they did for so long. Or they can play online at the best VIP online casinos like Millionaire Casino, VIP Slots Casino and Casino Las Vegas.