Andrew Tan, Genting partnership on the rocks
The nearly decade-old partnership between bilyonaryo Andrew Tan and the Genting Group of Malaysia is reportedly in crisis mode.
A Babbler told us that Tan felt disrespected by Genting’s failure to notify him of a background investigation on the June 2017 shooting and arson incident at their joint project, Resort World Manila casino in Pasay City.
When news of the casino attack hit CNN and other global news outfits, Genting was asked by US regulators to conduct its own investigation on how a lone gunman was able to wreak so much havoc with 36 people dying from suffocation and 70 others injured.
It was a routine probe carried out by casino firms operating in the US (Resorts World operates in Catskills and Queens in New York and has a a casino under construction in Las Vegas).
Genting complied and undertook the background probe in cooperation with US authorities.
The only kink was Genting failed to notify his Filipino partner.
Tan was surprised about getting calls inquiring about the 2017 casino attack and was irked that Genting did not even bother to inform him.
Our Babbler told us that this incident has become more than a minor kink that Tan has reportedly given serious thought about breaking up.
Tan apparently believes that he can get another partner to continue the Pasay City casino as well as proceed with the the $1.1 billion mega-casino under construction at at the Entertainment City gaming complex of the Philippine Amusement and Gaming Corp. in Parañaque City sans Genting.
Is this the end of Resorts World Manila? Stay tuned.