Reports from credible outlets are suggesting that MGM Resorts may have approached the Lim family, in order to and express interest in acquiring their 53% stake in the Genting Singapore operation.
Genting Singapore is one of only two casino operators in Singapore, the other being Sands, which operates the Marina Bay Sands Casino. Genting’s own properties include Resorts World Sentosa, on Singapore’s southern coast.
In order to acquire a majority stake holding in Genting’s Singapore operations, MGM Resorts would need to satisfy a number of strict regulatory checks, and also receive the formal approval of the Singapore Government. To date, the government has received no request from Genting regarding change of ownership.