Waterfront Properties Ltd (WPL), the operating firm had entered into a memorandum of understanding with a ‘leading international gaming operator’, the firm said.

“This MOU consists of the framework for investing into and operating of a casino at the Cinnamon Life Integrated Resort as well as the commercial framework between the parties,” Chaiman Krishan Balendra told shareholders in interim accounts.,

“As originally envisaged, WPL will lease out space at the Cinnamon Life Integrated Resort for the operation of the casino.

On finalising details of the fit-out and equipping costs and conclusion of the lease agreement, a detailed disclosure will be made