Reuters India
21 May 2008
KUALA LUMPUR, May 21 (Reuters) - Malaysian casino operator Genting Bhd (GENT.KL: Quote, Profile, Research) does not expect further cost over-runs for a casino it is building on Singapore's resort island of Sentosa, the company's chief executive said on Wednesday.
Resorts World at Sentosa Pte Ltd, a wholly owned unit of the Singapore-listed arm, Genting International (GNTG.SI: Quote, Profile, Research), is building the casino at a cost of up to $$6 billion ($4.4 billion), about S$800 million, or 15 percent, above its initial budget, due mainly to higher construction expenses.
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