proof of advancing objectives exhibit viii a.15
TRANSCRIPT
PROOF OF ADVANCING OBJECTIVES
VIII. A.15.b-1
Exhibit VIII A.15.b
Genting Group Gaming Projects The Genting Group has announced several major Integrated Resort development projects in the US
and abroad.
Resorts World Las Vegas Las Vegas, Nevada, USA Resorts World Las Vegas is a planned Asian-themed
resort on the Las Vegas Strip in Las Vegas, Nevada. In March 2013, the group purchased the 87 acre Echelon Place from Boyd Gaming for $350 million and immediately began design work to develop the property. Plans are to commence construction on the site beginning in the latter part of 2014. The project is estimated to cost between $3.5 and $4.0 billion and will feature over 3,000 hotels, 25 restaurants, high end retails shops and a 175,000-square-foot casino housing over 2,400 slots and over 250 table games. We anticipate that it will take approximately 24 to 36 months to complete construction. Genting Berhad received a “Preliminary Finding of Suitability” from the Nevada Gaming Commission in May of 2014. Currently the development of Resorts World Las Vegas is being managed by GENM, GENM has no financial interest in the project at this time.
Mashpee Wampanoag First Light Casino Taunton, Massachusetts, USA Through a wholly owned subsidiary, GENM has entered into a
management agreement with the Mashpee Wampanoag Tribe, located in Southeastern Massachusetts. The resort is to be located in the City of Taunton, Massachusetts, approximately 25 miles south of Boston. Upon completion of the initial phases, the resort will have over 3,000 slots, 150 table games and 600 hotel rooms. Expected project cost is between $500 million and $750 million. GENM will provide some initial financing to the Tribe and Tribe will raise the additional funding through traditional 3rd party financing. The tribe is currently awaiting approval from the Department of Interior to place land into tribal trust. Upon approval, we anticipate commencing construction and expect to open the facility within 18 months of breaking ground. GENM will manage the facility for a period of 7 years from opening.
Resorts World Genting – Fox Theme Park Genting Highlands, Malaysia In 2013, GENM commenced construction of the first
Fox Studios theme park in the world. The project is being constructed at Resorts World Genting located approximately 1 hour from Kuala Lumper, Malaysia. The 25-acre park will feature more than 25 rides and attractions based on Fox films such as "Ice Age," "Rio," "Alien vs. Predator," "Planet of the Apes" and "Night at the Museum. The project is expected to cost approximately $300 million and will be complete in 2016.
PROOF OF ADVANCING OBJECTIVES
VIII. A.15.b-2
Resorts World Birmingham at NEC Birmingham, England GENM is currently constructing Resorts World Birmingham at
the National Exposition Center in Birmingham, England. The cost of investment by Genting Casinos is over £150m. The facility will be, located between the LG Arena and the Crowne Plaza Hotel overlooking Pendigo Lake. Large casino license granted by Solihull Metropolitan Borough Council (SMBC) in June 2011. The size of the development will be approximately 55,000sqm over seven floors. Resorts World will feature a hotel, spa, casino, banqueting and conference centre, multi-screen cinema, retail outlet centre, food and beverage outlets and car parking. The planned opening is spring 2015 and the property is expected to create more than 1,100 full time jobs will be created by the development & the equivalent of 1,750 jobs during construction.
Resorts World Korea Jeju Island, South Korea Genting Singapore has partnered with Chinese property
developer Landing International Development and will develop a $2.2 billion casino resort in South Korea. This project marks Genting's first foray into South Korea. In addition to the casino, the complex will include luxury hotels, a shopping mall, a theme park and residential facilities. The project is expected to open in 2017.
PROOFOFADVANCINGOBJECTIVES
APPENDIXVIII.A.15.b‐1.ResortsWorldLasVegas
FUTURE SITE OF
Property Statistics Dining Outlets Yes
Slots / VLTs Yes
Table Games / ETG Yes
Poker Yes
Spa Yes
Meeting / Banquet Space Yes
Showroom (s) 4,000 seat theater
Amusement/ Entertainment Yes
(Indoor Water Park, Panda Exhibit, Aquarium,
Movie Theaters, Bowling Alley, Rooftop Sky Park & Observation Deck)
Resorts World Las Vegas will be a world-class
destination resort with 6,583 rooms and will
feature 175,000 square feet of total gaming
space across several gaming floors, and
numerous luxury dining and retail amenities.
The resort will include convention space for Las
Vegas trade shows, helping the city attract
national and international business travelers
with a distinct focus on business-to-business
events and conferences. Family friendly
attractions will include a water park, aquarium,
bowling alley and panda exhibit. The project is
expected to open in 2016.
PROOFOFADVANCINGOBJECTIVES
APPENDIXVIII.A.15.b‐2.ResortsWorldGentingFactSheet
Aerial view of Resorts World Genting
1
A leading integrated leisure & entertainment resort
• 19.6m visitors in FY13 (FY12: 20.5m)
• ≈ 14,000 employees
• ≈ 3.5 million Genting Rewards CardTM members
• ≈ 9,000 rooms at the Resorts World Genting
• Revenue of RM5.7b in FY13 (FY12: RM5.5b)
- 68% of total Group revenue (FY12: 69%)
2
RWG – Overview
Genting Club RWG
Crockfords Duplex Suite, RWG
RWG – Historical Developments
3
1964
1965 to
1969
1971
Founder Tan Sri
Lim Goh Tong
conceived idea
of hilltop resort
1978 to
1981
1990 to
1992
1994 to
1997
1998 to
2001 (Tower 1)
Development of
access roads up
to 1,800m
Gunung Ulu Kali
hill top,
Development
of GENTING
HOTEL
First hotel completed
– Highlands Hotel
(now renamed
THEME PARK
HOTEL)
Development of
RESORT HOTEL 1975
Awana
Skyway
Development of
HIGHLANDS HOTEL
& Genting Skyway
Development of
FIRST WORLD
HOTEL & PLAZA
2001 to
2005 (Tower 2)
1983
Opening of
Awana Hotel
(Golf &
Country
Resort)
..… Over RM7 billion spent in building a
World Class Integrated Resort
4
• Maxims
• Genting Grand
• Resorts Hotel
• Awana Genting
• Theme Park Hotel
• First World Hotel
…consistently above 90% occupancy rate since 2008
RWG – Six Hotels Serving Different Market Segments
5
F&B Retail Theme Park M.I.C.E.
> 80 F&B outlets
> 12,000 seats dining
capacity
Serves > 11 million
covers annually
First World Plaza
measuring > 500,000
sq. ft.
Over 200 retail shops,
kiosks and restaurants
First World Indoor
Theme Park
• 500,000 Sq.ft.
• 14 Rides and
Attractions
Genting Indoor Theme
Park
• 14,000 Sq.ft.
150,000 sq. ft. of
conference facility
Grand ballroom, 18
meeting rooms,
business centre and
VIP reception rooms
>300,000 covers
annually
. . . wide range of
dining options
. . . branded stores
for the mass market
. . . fun at the
Peak
. . . one-stop
destination for
conventions and
events
RWG – Attractions
GENTING INTEGRATED TOURISM PLAN (“GITP”) RESORTS WORLD GENTING
6
GITP - Groundbreaking ceremony
7
Major 10-year master plan for redevelopment of RWG at
Genting Highlands
Estimated capex of RM5 billion
Launch of the 20th Century Fox World Theme Park
Officiated by PM of Malaysia on 17 Dec 2013
Highlights:
“Foresees Genting’s transformation plan in the integrated
resorts segment as a trendsetter and the start of a new era for
the tourism industry in Malaysia and believes all Malaysians are
waiting with great anticipation to see the new dimensions of
entertainment that Genting will unfold.” - PM Datuk Seri Mohd Najib Tun Razak -
“The GITP will be a major contributor towards helping the East
Cost Economic Region fulfill its target of attracting RM110 billion
and creating 560,000 jobs within the East Coast” - GENM Chairman and CEO Tan Sri Lim Kok Thay -
“The opening of the first Twentieth Century Fox Theme Park at
RWG takes our rich history of storytelling to a whole new level and
will provide an exceptional entertainment experience” - President of Twentieth Century Fox Consumer Products, Jeffrey Godsick-
… Building a world class resort
8
GITP – Proposed Plans
New hotels and villas
20th Century Fox World theme
park
Show arena (10,000 pax)
Additional F&B outlets, retail and
entertainment areas
Multi-storey car park
Upgrade and refurbishment of
existing hotels and infrastructure
New cable car system and utilities
Wet Park
Staff quarters
GITP – RWG Hilltop Development
9
New 20th Century Fox
World Theme Park
New 3-Star
Hotel
Genting Mall,
Show Arena,
New Hotels &
2nd Cable Car
Station
PROOFOFADVANCINGOBJECTIVES
APPENDIXVIII.A.15.b‐3.ResortsWorldBirmingham
Property Statistics Hotel Rooms 178
Outlet Shopping 50
Dining Outlets 12
Slots / VLTs up to 150
Table Games / ETG up to 100
Poker up to 32
Spa Yes
Showroom (s) 1
Meeting / Banquet Space 40,000 SF
Amusement / Entertainment Yes
Cinema Screens 11
Bars 5
Opening in Spring 2015, Resorts World Birmingham is a destination leisure and entertainment venue that is the first of its kind in Europe. Situated near Birmingham International Airport and next to the National Exhibition Centre and a 15,000-seat arena, Resorts World Birmingham consists of 50 outlet shops, an 11-screen IMAX cinema, 12 restaurants and 5 bars, a 178-room hotel and spa, a conference facility, and the Genting International Casino.