Genting Singapore has announced that it will be issuing yen-denominated bonds in Japan, even as it continues to maintain public silence about its IR licensing campaign in the country.
According to a recent press release, a maximum amount of JPY350 billion ($3.2 billion) in bonds will be offered between October 16, 2019, and October 15, 2021, to “be utilized by the Japan branch as necessary from time to time for working capital and general corporate purposes in Japan.”
Nevertheless, Genting remains by far the most secretive of the IR operators in Japan, refusing cooperation with journalists and engaging in minimal exchanges with the Japanese public. Genting is, however, reported to be among the major IR operators participating in RFI and RFC processes in various locations, including Yokohama and Osaka.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.