Genting Singapore Confirms its Yokohama IR Consortium Partners

Genting Singapore has officially named its five Yokohama IR consortium partners.

The partners are Sega Sammy Holdings, Sohgo Security Services, Kajima Corporation, Takenaka Corporation and Obayashi Corporation. Sega Sammy is the only partner to bring previous IR experience via its 45% stake in South Korean IR Paradise City.

“Our vision is to create a world-class IR destination that is strategically positioned, sustainable and anchored on strong local collaborations,” said Genting Singapore, owner and operator of Singapore’s Resorts World Sentosa.

“Having both solid financial strength and over 30 years of successful track record in developing tourism focused IRs, we are ideally positioned to deliver an iconic IR to transform and grow Yokohama City to become a major tourist destination. In turn, the City will be an in-bound tourism gateway to Japan and contribute towards Japan’s tourism growth strategy.”

Genting Singapore said its Board of Directors has already approved investment in the project without the need for shareholder approval on the basis that such investment would be less than 100% of its current market cap.