PROOF of ADVANCING OBJECTIVES Exhibit VIII. A.15.A
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PROOF OF ADVANCING OBJECTIVES Exhibit VIII. A.15.a Genting Group Experience Founded in 1965, the Genting Group is comprised of five publicly traded companies with a combined market capitalization of $40 billion. It is a leading multinational corporation, primarily engaged in developing and operating destination resorts, casinos, hotels and event facilities around the world, including in the Americas, Malaysia, the Philippines, Singapore and the United Kingdom. More comprehensive descriptions and details of various resort properties and operations within the worldwide Genting Group of companies are included as enclosures to this exhibit. Resorts World Casino New York City Location: Queens, New York, USA. The most recent development is Resorts World New York City (RWNY). The facility was constructed in one year, opening in October of 2011 and since that time has consistently been the highest grossing slot operation in the United States. Operating under the jurisdiction of the New York Lottery and subsequently the New York Gaming Commission, RWNY has grossed nearly $2 billion since inception, generating over $800 million for education in the State of New York. Table VIII. A.15.a-1. Resorts World Casino New York City Property Overview Total Investment $730 million Property Size 183 Acres Gaming Positions/Units 5,005 Gaming Floor 140,000 sqft Hotel Rooms N/A Opening October, 2011 Amenities: Restaurants 9 Bars 4 Showroom/Meeting Space 70,000 sqft Employment: Full Time Equivalents 1,035 Total Employment 1,433 Table VIII. A.15.a-2. Resorts World Casino New York City Performance Overview ($US in 000’s) Name 2011 2012 2013 3 Yr Total Gross Gaming Revenues 89,823 672,570 785,087 1,547,480 Non-Gaming Revenues 4,833 53,740 61,675 120,248 Total Revenues: $94,656 $726,310 $846,762 $1,667,728 VIII. A.15.a-1 PROOF OF ADVANCING OBJECTIVES Resorts World Sentosa Location: Sentosa Island, Singapore. Resorts World Sentosa, was opened in January of 2010 which is an integrated resort on the island of Sentosa located off the southern coast of Singapore. The key attractions include one of Singapore's two casinos, a Universal Studios theme park, Adventure Cove Water Park, and a Marine Life Park. The Marine Life Park is the world's largest oceanarium consisting of 100,000 animals and 45,000,000 gallons of water. The $4.93 billion resort is one of the world's most expensive casino properties occupying 121 acres of land and employing more than 10,000 people directly. Table VIII. A.15.a-3. Resorts World Sentosa Property Overview Total Investment $4,930 Million Property Size 121 Acres Gaming Positions/Units 2,900 Gaming Floor 161,500 sqft Hotel Rooms 1,840 Opening 1/21/10 Amenities: Restaurants 42 Bars 7 Showroom/Meeting Space 32,700 sqft Employment: Full Time Equivalents 8,339 Total Employment 11,543 Table VIII. A.15.a-4. Resorts World Sentosa Performance Overview ($US in 000’s) Name 2011 2012 2013 3 Yr Total Gross Gaming Revenues 2,154,701 1,898,400 1,748,000 5,801,101 Non-Gaming Revenues 423,770 460,000 529,600 1,413,370 Total Revenues: 2,578,470 2,358,400 2,277,600 7,214,470 Conversion Rate: $1 USD = S$ 1.25 VIII. A.15.a-2 PROOF OF ADVANCING OBJECTIVES Resorts World Manila Location: Manila, Philippines The Genting group developed the first casino resort in the Philippines. Resorts World Manila was opened in August of 2009. The project, occupying part of a former military camp near Manila’s airport, has three hotels with 1,574 rooms, a 323,000 square foot casino and a 300,000 square foot shopping mall. Table VIII. A.15.a-5. Resorts World Manila Property Overview Total Investment $885 million Property Size 28.5 Acres Gaming Positions/Units 2,319 Gaming Floor 323,000 sqft Hotel Rooms 1,574 Opening 8/29/09 Amenities: Restaurants 34 Bars 4 Showroom/Meeting Space 19,000 sqft Employment: Full Time Equivalents 4,418 Total Employment 6,115 Table VIII. A.15.a-6. Resorts World Performance Overview ($US in 000’s) Name 2011 2012 2013 3 Yr Total Gross Gaming Revenues 591,343 652,518 697,758 1,941,619 Non-Gaming Revenues 29,002 30,965 19,638 79,604 Total Revenues: 620,345 683,482 717,396 2,021,223 Conversion Rate: $1 USD = Peso 43.00 VIII. A.15.a-3 PROOF OF ADVANCING OBJECTIVES Resorts World Genting Location: Kuala Lumpur, Malaysia Originally opened in 1971, Resorts World Genting (“RWG”) has become a premiere “Integrated Resort” in Southeast Asia. The resort features over 9,000 hotel rooms, over 80 dining options, over 500,000 square feet of retail, indoor and outdoor theme parks, 150,000 square feet of MICE space as well as a championship golf course. In 2013, the facility hosted nearly 20 million visitors. RWG employs approximately 14,000 individuals, some for the past 40+ years. In 2013, RWG began construction of the world’s first Fox theme park and the new attraction is expected to open in 2016. Table VIII. A.15.a-7. Resorts World Genting Property Overview Total Investment Initial investment $2.1 million. Total $7 Billion Property Size 11,800 Acres Gaming Positions/Units 3,500 Gaming Floor 200,000 sqft Hotel Rooms 6,118 Opening 1971 Amenities: Restaurants 29 Showroom/Meeting Space 10,000 Seat Employment: Total Employment >25,000 Table VIII. A.15.a-8. Resorts World Genting Performance Overview ($US in 000’s) Name 2011 2012 2013 3 Yr Total Gross Gaming Revenues 1,442,804 1,466,044 1,542,741 4,451,589 Non-Gaming Revenues 244,984 244,081 226,044 715,109 Total Revenues: 1,687,788 1,710,125 1,768,785 5,166,698 Conversion Rate: $1 USD = Ringgit 3.21 VIII. A.15.a-4 PROOF OF ADVANCING OBJECTIVES APPENDIX VIII. A.15.a‐1. Resorts World New York Property Statistics Opening in October of 2011, Resorts World New York City quickly became the number one revenue producer for slot Hotel Rooms N/A revenue in the country. Conveniently located in Queens next to Dining Outlets 9 JFK Airport the property is tied into the NYC transit system Slots / VLTs 4000 along with the RW Red Express with stops throughout the city. Table Games / ETG 1000 In addition to gaming action visitors can enjoy casual and fine dining and nightly entertainment that includes a 18' x 26' HD Poker N/A screen for premium sports viewing in the Bar 360. Spa N/A Showroom (s) Yes - 1 Meeting / Banquet Space 70,000 SF Amusement / Entertainment N/A PROOF OF ADVANCING OBJECTIVES APPENDIX VIII. A.15.a‐2. Resorts World Singapore Genting Singapore is recognized today as a leader in the gaming, entertainment and hospitality sector. Our flagship project, Resorts World™ Property Statistics Property Statistics Sentosa in Singapore, is one of the largest and most iconic destination resorts in Southeast Asia. Opened in 2010, RWS has dramatically altered Hotel Rooms Hotel Rooms 1,500 the tourism landscape in Singapore and the region, and has contributed Dining Outlets Dining Outlets 60 significantly to the local economy. Slots / VLTs Slots / VLTs 2,400 Table Games / ETG Table Games / ETG 500 Resorts World Sentosa is home to the region’s first and only Universal Poker Poker Yes Studios theme park, a Maritime Experiential Museum, a world-class spa Spa Spa Yes ESPA, a casino, luxurious accommodation in six unique hotels, the Resorts Showroom (s) Showroom (s) Yes World Convention Center, celebrity chef restaurants, and specialty retail Meeting / Banquet Space Meeting / Banquet Space Convention Center outlets. The resort also offers entertainment ranging from large-scale Amusement / Entertainment Amusement / Entertainment Universal Studio multi-million-dollar productions, concerts and performances, to public Shops Marine Life/ Museum attractions such as the Crane Dance and Lake of Dreams. Shops 32 The Marine Life Park, the world’s largest oceanarium, opened its doors on November 22, 2012. Resorts World Sentosa held its Grand Opening ceremony on December 7, 2012. PROOF OF ADVANCING OBJECTIVES APPENDIX VIII. A.15.a‐3. Resorts World Manila Resorts World Manila (RWM) is the first integrated tourist hub in the Philippines that is fast shaping up to become the most exciting destination Property Statistics in the country. Hotel Rooms 1,226 Adapting the integrated resort concept behind the success of Resorts World Dining Outlets 50 Genting in Malaysia and Resorts World Sentosa in Singapore, RWM breaks Slots / VLTs 1,852 new ground in the Philippines by combining lodging brands, restaurants, Table Games / ETG 497 gaming facilities, entertainment spots and a luxury mall in one grand Poker N/A destination. Spa yes Showroom (s) Yes -1 Asia’s newest playground is located in Newport City, a modern live-work- Meeting / Banquet Space 1 convention centre play community and the first tourism economic zone in the Philippines, just 4 cinemas, across Terminal 3 of the Ninoy Aquino International Airport and adjacent Amusement / Entertainment production shows to the Villamor Golf Course. RWM is home to three hotels: the five-star Shops 40 Marriot Hotel Manila, the value for money Remington Hotel, and its centerpiece, the luxury all-suite casino hotel, Maxims Hotel. It also features the upscale Newport Mall which boasts of shops and boutiques for international luxury brands, high end cinemas, dining outlets, and the Newport Performing Arts Theater, a 1,500-seat venue for local and international artists and productions. PROOF OF ADVANCING OBJECTIVES APPENDIX VIII. A.15.a‐4. Resorts World Genting Malaysia Genting Malaysia has been principally involved in the leisure and Property Statistics hospitality business covering theme parks, gaming, hotels, seaside Hotel Rooms 9,000 resorts and entertainment for over 45 years.