Genting set for expansion year

The Genting Group could be in for an event-driven year according to CIMB Research. The research firm believes the Group is in expansion mode empowered by its USD $7.56 billion in unencumbered cash and consolidated balance sheet. CIMB believes the group has numerous prospective scenarios around the globe under its umbrella: Genting Malaysia could be poised for further expansion in the US east coast markets after investing US $700 million in New York and US $442 million in Miami, while Genting Singapore is likely to be particularly attentive to the potential liberalization of the Japanese market. Australia would be another option as Genting Hong Kong owns 10% of Echo Entertainment’s The Star.