Casino Company Opens Universal Studios In Singapore

Casino Company Opens Universal Studios In Singapore

Singapore took another step on Thursday towards becoming one of the top tourist destinations in Southeast Asia. Genting, a casino development company based in Malaysia, opened the areas first Universal Studios.

Several years ago, the government in Singapore authorized two new casino entertainment facilities in the country. Resorts World is one of the casino projects, and the casino opened last month.

The other casino is being developed by Las Vegas Sands. The Marina Bay Sands is expected to be opening in the next month. Originally, Sands had hoped that Marina Bay would be the first casino open, but the economy caused the company to slow the building process.

This is not the first time that a Universal Studios has been built outside of the US. Osaka, Japan, has a theme park, but the Singapore park will be aided by the casino and other entertainment options within Resorts World.

US-based gaming companies have made it a priority in recent years to expand their brands into Asia. Sands, Wynn Resorts, and MGM Mirage all have casino properties in Macau, the new gambling capital of the world.

Wynn Resorts and LVS have held initial public offerings in Asia last year. They both have listings on the Hong Kong Stock Exchange, and MGM is expected to do the same sometime later this year.