Genting invests in the Midlands following funding from RBS


Genting invests in the Midlands following funding from RBS

Genting UK, the largest casino operator in the UK, broke ground on a leisure destination resort, Resorts World Birmingham, at the NEC in Birmingham on the 4th February after receiving a significant funding package from The Royal Bank of Scotland under the government’s Funding for Lending Scheme.

Genting UK is the largest casino operator in the UK, with over 40 casinos located from Edinburgh to Plymouth and in Mayfair its flagship Crockford’s.  Genting UK is part of the Genting Group, one of the largest corporations in Malaysia with a market capitalisation over £25bn sterling equivalent and around 50,000 employees across the world.

The ceremony was attended by a number of senior officials of Genting worldwide, Government Minister for Trade and Investment Lord Green as well as business partners and local dignitaries. Throughout construction of Resorts World Birmingham, nearly 2,000 jobs will be created and over 1000 will be created permanently upon completion– scheduled for 2015.

"The team at Royal Bank of Scotland clearly understood our ambitions and matched our passion for developing the region with this deal. The bank developed a bespoke package to assist with our project, and has been instrumental in helping this project become a reality. We’re confident that this project for Birmingham will boost the local economy and become a core asset for the Company in the UK."

Richard Salmond, Genting UK

"Genting is a world famous brand, and this latest project is very exciting. In particular, it shows the Company has a strong commitment to the local economy. We hope the resort will be very successful and are looking forward to watching it develop and grow. The Funding for Lending Scheme has helped us to be the bank of choice for this initiative. RBS is dedicated to helping businesses grow and invest in the UK and can help businesses of all sizes with their business aspirations."

Robert Newell, Relationship Director for Large Corporate Coverage, CIB

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