Genting S'pore shares up as much as 5.4 pct on casino

Reuters - 2 hours 35 minutes agoSend IM Story Print
SINGAPORE, Feb 8 - Casino-operator Genting Singapore shares rose as much as 5.4 percent on Monday after Singapore's gaming regulator granted the firm a casino licence over the weekend.

Around 0235 GMT, the shares were up 2.7 percent at S$1.14.

Genting suspended trading in its shares earlier on Monday to formally announce the receipt of the casino licence. It did not say when it expects to open the casino in Singapore.

The Straits Times newspaper reported on Monday that Genting, a unit of Malaysia's Genting Bhd , has told staff and tenants the casino and Universal Studios theme park at its Resorts World at Sentosa casino-resort will open this week.

The firm has already opened four of its six hotels as well as some of the shops and food and beverage outlets.

(Reporting by Kevin Lim and Harry Suhartono; Editing by Saeed Azhar)