Resorts World Genting – Fox Theme Park Genting Highlands, Malaysia in 2013, GENM Commenced Construction of the First Fox Studios Theme Park in the World
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PROOF OF ADVANCING OBJECTIVES 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. VIII. A.15.b-1 PROOF OF ADVANCING OBJECTIVES 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. VIII. A.15.b-2 PROOF OF ADVANCING OBJECTIVES APPENDIX VIII. A.15.b‐1. Resorts World Las Vegas FUTURE SITE OF Property Statistics Resorts World Las Vegas will be a world-class Dining Outlets Yes destination resort with 6,583 rooms and will Slots / VLTs Yes feature 175,000 square feet of total gaming Table Games / ETG Yes space across several gaming floors, and Poker Yes numerous luxury dining and retail amenities. Spa Yes The resort will include convention space for Las Meeting / Banquet Space Yes Vegas trade shows, helping the city attract Showroom (s) 4,000 seat theater national and international business travelers Amusement/ Entertainment Yes with a distinct focus on business-to-business (Indoor Water Park, events and conferences. Family friendly Panda Exhibit, Aquarium, attractions will include a water park, aquarium, Movie Theaters, bowling alley and panda exhibit. The project is Bowling Alley, expected to open in 2016. Rooftop Sky Park & Observation Deck) PROOF OF ADVANCING OBJECTIVES APPENDIX VIII. A.15.b‐2. Resorts World Genting Fact Sheet Aerial view of Resorts World Genting 1 RWG – Overview 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) Crockfords Duplex Suite, RWG - 68% of total Group revenue (FY12: 69%) Genting Club RWG 2 RWG – Historical Developments ..… Over RM7 billion spent in building a 2001 to World Class Integrated Resort 2005 1998 to (Tower 2) 2001 (Tower 1) 1994 to 1997 1990 to Development of 1992 FIRST WORLD HOTEL & PLAZA 1978 to 1983 Development of HIGHLANDS HOTEL 1981 & Genting Skyway Development of 1975 RESORT HOTEL Opening of 1971 Awana Hotel 1965 to Development (Golf & 1969 Awana of GENTING Country Skyway HOTEL Resort) 1964 First hotel completed – Highlands Hotel Development of (now renamed access roads up THEME PARK Founder Tan Sri to 1,800m HOTEL) Lim Goh Tong Gunung Ulu Kali conceived idea hill top, of hilltop resort 3 RWG – Six Hotels Serving Different Market Segments • Maxims • Genting Grand • Resorts Hotel • Awana Genting • Theme Park Hotel • First World Hotel …consistently above 90% occupancy rate since 2008 4 RWG – Attractions F&B Retail Theme Park M.I.C.E. > 80 F&B outlets . First World Plaza . First World Indoor . 150,000 sq. ft. of measuring > 500,000 Theme Park conference facility . > 12,000 seats dining sq. ft. • 500,000 Sq.ft. capacity . Grand ballroom, 18 • 14 Rides and . Over 200 retail shops, meeting rooms, . Serves > 11 million Attractions kiosks and restaurants business centre and covers annually . Genting Indoor Theme VIP reception rooms Park . >300,000 covers • 14,000 Sq.ft. annually . wide range of . branded stores . fun at the . one-stop dining options for the mass market Peak destination for conventions and events 5 GENTING INTEGRATED TOURISM PLAN (“GITP”) RESORTS WORLD GENTING 6 GITP - Groundbreaking ceremony 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 7 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 8 GITP – RWG Hilltop Development New 3-Star Hotel New 20th Century Fox World Theme Park Genting Mall, Show Arena, New Hotels & 2nd Cable Car Station 9 PROOF OF ADVANCING OBJECTIVES APPENDIX VIII. A.15.b‐3. Resorts World Birmingham Property Statistics Opening in Spring 2015, Resorts World Hotel Rooms 178 Birmingham is a destination leisure and Outlet Shopping 50 entertainment venue that is the first of its kind in Dining Outlets 12 Europe. Situated near Birmingham International Slots / VLTs up to 150 Airport and next to the National Exhibition Centre Table Games / ETG up to 100 and a 15,000-seat arena, Resorts World Poker up to 32 Birmingham consists of 50 outlet shops, an 11- Spa Yes Showroom (s) 1 screen IMAX cinema, 12 restaurants and 5 bars, a Meeting / Banquet Space 40,000 SF 178-room hotel and spa, a conference facility, and Amusement / Entertainment Yes the Genting International Casino. Cinema Screens 11 Bars 5 .