Thursday, June 5, 2008

Singapore-listed Genting plans $176 mln UK casino

SINGAPORE, June 4 (Reuters) - Gambling group Genting International said it has agreed to jointly develop an entertainment centre in the UK for 90 million pounds ($176 million).

Genting's UK unit Genting Stanley will develop the centre, which will include a large casino, spa and hotel, at the National Exhibition Centre in Birmingham, Genting said in a statement.

The deal is not expected to affect Genting's earnings for the financial year ending Dec 2008, the firm said.

(Reporting by Koh Gui Qing, editing by Neil Chatterjee) ((Guiqing.Koh@thomsonreuters.com; Reuters Messaging; guiqing.koh.reuters.com@reuters.net; +65 6403 5665)) ($1=.5113 Pound)

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