Genting Singapore dissolves UK gambling subsidiary

Genting Singapore has announced it has dissolved Palomino Sun (UK) Limited, the company’s wholly-owned subsidiary which was engaged in gambling and betting activities.

The subsidiary was placed under voluntary liquidation last year.

“The voluntary liquidation of PSUK is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company for the financial year ending 31 December 2015,” Genting Singapore said in a filing at the time.