SINGAPORE-LISTED Genting International, a unit of Malaysian casino operator Genting Bhd, said it has secured $4.2 billion to build and run a casino in Singapore.

Genting said on Monday the funding, comprising $4 billion in loans and $192.5 million in bankers' guarantee facility, is not expected to affect its earnings in the current financial year.

Genting is building a casino on Singapore's resort island of Sentosa for nearly $6 billion, about $800 million above its initial budget, due to mainly higher building expenses amid a booming construction sector in the city-state. DBS Bank, Oversea-Chinese Banking Corp, HSBC, Royal Bank of Scotland, and Sumitomo Mitsui Banking are the lead arrangers, underwriters and bookrunners for the loans, Genting said. -- REUTERS