What made Genting Singapore forgo its Osaka IR bid at the eleventh hour?

IT's onwards and upwards for gaming giant Genting Singapore - or at least that's what the market has signalled after news emerged over the weekend that the Malaysian-controlled casino operator has quit the race to build an integrated casino complex in Osaka - one of two integrated resorts (IR) it was hoping to snag from Japan's newly liberalised gaming law.

Except for a slight dip in early trading on Monday, the Singapore-listed stock did not wobble, closing unchanged at 88.5 Singapore cents.

Genting has not issued a Singapore Exchange filing on the latest development which has been widely reported in gaming news sites, but its response to media queries left no room for do…

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