PROCUREMENT NEWS

Singapore : Genting Singapore says Echo in investment portfolio

Published 09 Jun 2012

Casino operator Genting Singapore said on Friday it held a stake in Australia\'s Echo Entertainment but declined to provide further details.

\"We have a stake in Echo as part of Genting Singapore\'s investment portfolio,\" a spokeswoman said on Friday.

Genting, whose main asset is the Resorts World at Sentosa casino complex in Singapore, on Wednesday said it had bought listed securities and that the value of its quoted investments had risen to S$298 million from S$283 million.

It did not identify the firms in its portfolio.

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