Genting Star (Macau), an indirect wholly owned subsidiary of Genting Singapore, has been dissolved and liquidated.

Macau

In a statement the casino operator said the liquidation of the Macau subsidiary “is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the company for the financial year ending December 31, 2016.”

Genting Group first acquired Genting Star (Macau) and its parent company, Genting Star, in September 2005.

At the time, Genting Star and the Genting Group were to be involved in the development of a casino hotel in Macau but subsequently pulled out of the venture and had not been involved in any other Macau projects since.

Source: Asia Gaming Brief