Casino operator Genting Singapore (GENS.SI) is planning to raise more than US$1 billion ($1.43 billion) through a rights issue, sources familiar with the matter said today.“It’s a big issue. Over US$1 billion,” one source with direct knowledge of the deal told Thomson Reuters. Genting shares were suspended earlier today.Genting Singapore, a unit of Malaysia Genting (GENT.KL), is building one of the city-state’s two integrated casino resorts and is also the largest casino operator in the United Kingdom. Bankers involved in the deal include UBS (UBSN.VX), JPMorgan, DBS (DBSM.SI) and Deutsche (DBKGn.DE).
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