Genting Singapore, a resorts and gaming company, reported a 16% fall in revenue from premium customers at its Singapore location.
The site competes directly with Las Vegas Sands'Singapore resort, Marina Bay Sands, which has become the world's most profitable gaming resort in just two years. Needless to say, Marina Bay has done wonders for Las Vegas Sands' bottom line.
Genting wants to expand its casino business into New York, but suffered a blow when talks with Gov. Andrew Cuomo collapsed regarding a casino and convention center at the Aqueduct racetrack. Genting had spent more than $774,000 on New York lobbying in the first 10 months of 2011, the Associated Press reported. Full story
