Latest Forum Topics /
Genting Sing
Last:0.61
-0.005
|
 Post Reply
|
|
Genting SP Next Move
|
|||||
|
Starship
Supreme |
04-Apr-2019 10:26
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
halleluyah
Supreme |
04-Apr-2019 10:25
|
||||
|
x 0
x 0 Alert Admin |
high maintenance also n every few yrs need to upgrade....
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
FATABA
Supreme |
04-Apr-2019 10:19
|
||||
|
x 0
x 0 Alert Admin |
Not just the tax .....the loan to finance ths $4.8 B is going to be a long term debt payment ....plus reductionn of GS cash holding Hopefully the increase in floor space of its casino can cover part of this . Leisure BZ honestly is tough to generate gd profit n Cash . Definately not positive for Genting ......N if the Japn casino is going to drain cash too . Dyodd.
|
||||
| Useful To Me Not Useful To Me | |||||
|
lovetoshare
Elite |
04-Apr-2019 10:18
|
||||
|
x 0
x 0 Alert Admin |
Good news dropped and bad news always shoot up like crazy....damn funny lo | ||||
| Useful To Me Not Useful To Me | |||||
|
lovetoshare
Elite |
04-Apr-2019 10:12
|
||||
|
x 0
x 0 Alert Admin |
Gamblers same as stock players we will never stop investing Raise levy to $300 also got customers go.. Because gamblers always believe can win back more. now govt cannot crewtc quality jobs and all jobs go to foreigners. It is still the foreigners majority heaven lo. but govt scare local citizens due to no jobs then go try luck, so must action action lo. Haha
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
lovetoshare
Elite |
04-Apr-2019 10:04
|
||||
|
x 0
x 0 Alert Admin |
Internal funding lah why so scare? got malaysia govt and singapore govt They need genting as well If no more genting, hurt both sides.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
04-Apr-2019 10:03
|
||||
|
x 0
x 0 Alert Admin |
Genting Singapore inks new deal for $4.5 bil expansion of Resorts World Sentosa exclusivity period for IR extended to end-2030 03/04/19, 07:36 pm SINGAPORE (Apr 3): Genting Singapore is committing to an investment of some $4.5 billion for the expansion of the integrated resort (IR) at Resorts World Sentosa (RWS), which will see the property increase its gross floor area by approximately 50%. In view of the substantial investment and to provide business certainty, the government has agreed to extend the exclusivity period for the two casinos at RWS and Marina Bay Sands to end-2030. Authorities add that no other casinos will be introduced during this period. Genting Singapore&rsquo s indirect wholly-owned subsidiary, Resorts World at Sentosa (RWSPL), on Wednesday entered into the second supplemental agreement with Sentosa Development Corporation (SDC). The new deal will see Resorts World Sentosa add some 164,000 sq m of gross floor area of leisure and entertainment space. The new developments will include the expansion of Universal Studios Singapore, with the addition of two new theme parks &ndash Minion Park and Super Nintendo World the expansion of the S.E.A. Aquarium to be re-branded as " Singapore Oceanarium" and the conversion of the Resorts World Theatre into a new Adventure Dining Playhouse. RWS will also see the addition of 1,100 hotel rooms, with two new destination hotels at a new waterfront lifestyle complex, together with the expansion of the Central Zone. On top of an enhanced waterfront promenade to be lined with restaurants and retail outlets, there will also be an expansion of Meetings, Incentives, Conferences and Exhibitions (MICE) facilities. To further improve accessibility into Sentosa, RWS will introduce a driverless transport system offering visitors new and more efficient last-mile connectivity, across the Sentosa Boardwalk. The expansion development will be funded by way of internal resources including operating cash flows, as well as bank borrowings. The group says the expansion development is a significant reinvestment and expansion opportunity for the company, which will set the stage for the group' s sustained future growth. &ldquo When completed, the expanded IR is anticipated to continue to provide a distinctive purpose-of-visit tourism experience and further broaden the IR&rsquo s appeal to a wider spectrum of premium customers and millennials,&rdquo Genting Singapore says in a statement on Wednesday. &ldquo It will integrate with the future Greater Southern Waterfront and is expected to become the centrepiece of the new entertainment hub of Asia,&rdquo it adds. Genting Singapore says the expansion development is not expected to have a material impact on the group' s earnings per share or net tangible asset value per share for the current financial year. Shares in Genting Singapore closed 0.9% higher at $1.07 on Wednesday, before the release of the announcement. Separately, in a joint press release on Wednesday, the Ministry of Trade and Industry, the Ministry of Finance, the Ministry of Home Affairs and the Ministry of Social and Family Development say RWS will be given an option to deploy an additional 500 sq m of approved gaming area (AGA). The IRs are currently each allowed 15,000 sq m of AGA. RWS will also be given an option to increase its allowable gaming machines by 800. Within the AGA, each IR is currently allowed 2,500 gaming machines. The government on Wednesday also announced that casino entry levies for Singaporeans and permanent residents will be raised by 50% from April 4, 2019. The daily levy will be raised from $100 to $150, and the annual levy will be increased from $2,000 to $3,000, with a 5-year moratorium.  |
||||
| Useful To Me Not Useful To Me | |||||
|
puppey
Veteran |
04-Apr-2019 10:02
|
||||
|
x 0
x 0 Alert Admin |
the tax will affect the earnings ,long term may not be good. selling may be overdone. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
runaway
Senior |
04-Apr-2019 10:02
|
||||
|
x 0
x 0 Alert Admin |
$9 billion expansion with Sands is a bomb shell. Genting has no $, rights issue coming. Run! |
||||
| Useful To Me Not Useful To Me | |||||
|
bryanachong
Member |
04-Apr-2019 09:58
|
||||
|
x 0
x 0 Alert Admin |
Patience folks, by December :) | ||||
| Useful To Me Not Useful To Me | |||||
|
wehuattogether88
Supreme |
04-Apr-2019 09:58
|
||||
|
x 0
x 0 Alert Admin |
This one done by Genting Malaysia.
|
||||
| Useful To Me Not Useful To Me | |||||
|
HungerStrike
Member |
04-Apr-2019 09:57
|
||||
|
x 0
x 0 Alert Admin |
Gamblers will not stop gambling just because of the levy. Otherwise, govt no need spend so much money to warn ple abt gambling addiction... levy increased....gamblers juz LL and still pay to go in... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Sgvale
Supreme |
04-Apr-2019 09:54
|
||||
|
x 0
x 0 Alert Admin |
Genting helping Malaysia to buy the useless Jho's luxury yatch | ||||
| Useful To Me Not Useful To Me | |||||
|
curious_moo
Master |
04-Apr-2019 09:54
|
||||
|
x 0
x 0 Alert Admin |
sell wall building up wor... but trade volume is slower now.. it will move either up or down furtherin the afternoon i guess.. see shortist or longist win..
|
||||
| Useful To Me Not Useful To Me | |||||
|
bwavep
Senior |
04-Apr-2019 09:54
|
||||
|
x 0
x 0 Alert Admin |
(Bloomberg): Credit Suisse analyst Danny Chan downgraded the recommendation on Genting Singapore Ltd. to neutral from outperform. PT lowered to S$1 from S$1.50, implies 6.5% decrease from last close. Genting Singapore average PT is S$1.32. Genting Singapore had 21 buy, 1 hold, 0 sells previously: Bloomberg data. Analysts lowered their consensus one-year target price for the stock by 6.2 percent in the past six months. Forecasts range from S$1 to S$1.64.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Elf2000
Elite |
04-Apr-2019 09:53
|
||||
|
x 0
x 0 Alert Admin |
Yup, guess so maybe the big players are not happy with the tax.
|
||||
| Useful To Me Not Useful To Me | |||||
|
bwavep
Senior |
04-Apr-2019 09:53
|
||||
|
x 0
x 0 Alert Admin |
(Bloomberg): J.P. Morgan analyst Ds Kim downgraded the recommendation on Genting Singapore Ltd. to neutral from overweight. PT lowered to S$1.17 from S$1.25, implies 9.3% increase from last close. Genting Singapore average PT is S$1.33. Genting Singapore had 21 buy, 1 hold, 0 sells previously: Bloomberg data. Analysts lowered their consensus one-year target price for the stock by 6.2 percent in the past six months. Forecasts range from S$1.11 to S$1.64.
|
||||
| Useful To Me Not Useful To Me | |||||
|
puppey
Veteran |
04-Apr-2019 09:51
|
||||
|
x 0
x 0 Alert Admin |
market is in a very sensitive moment, any news will break a stock, the timing for this announcement is weird. maybe distribution done . all those bought at < 1 all running . alot throwing now..
|
||||
| Useful To Me Not Useful To Me | |||||
|
WL123456
Supreme |
04-Apr-2019 09:49
|
||||
|
x 0
x 0 Alert Admin |
Bro my opinion is best to avoid for now . The dust haven?t settled . $50 levy is small issue , bigger issue is this sends a msg that the government wants fo discourage gambling by increasing levy. It will have some impact . The killer is the 7% increase in tax and the message it wants to send to the casino industry . ?When I need more cash for my social spending , you are one of my ATM. And the 2 casinos here cannot protest. That?s the reality . And even if they increase to 30% , they too have to keep quiet . Let the dust settle . Safer that way .
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
04-Apr-2019 09:49
|
||||
|
x 0
x 0 Alert Admin |
MBS, RWS allowed to expand casinos exclusivity extended to end-2030 03 APRIL, 2019 UPDATED 03 APRIL, 2019 SINGAPORE &mdash With Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) committing about S$9 billion of non-gaming investments to build tourism, facilities and attractions, the Government has moved to provide them with &ldquo business certainty&rdquo by ensuring that no casinos will be built here until end-2030. To help the new attractions and facilities remain commercially viable, the Government has also agreed to allow the expansion of the casinos at the two Integrated Resorts (IRs). Currently, each IR has an Approved Gaming Area (AGA) of 15,000 sqm. MBS and RWS will be given an option to deploy, subject to payment of additional land costs, an additional 2,000 sqm and 500 sqm of AGA respectively. However, as the non-gaming areas will be expanded by a much larger area, the AGA as a proportion of total floor area will ultimately be reduced from 3.1 per cent to 2.3 per cent. With the expansion, MBS and RWS can increase their allowable gaming machines by 1,000 and 800 respectively. The IRs&rsquo S$9 billion investment is almost two-thirds of the S$15 billion they had initially pumped in in 2006, said a joint statement by the Ministry of Trade and Industry, the Ministry of Finance, the Ministry of Home Affairs and the Ministry of Social and Family Development (MSF) on Wednesday (April 3). MBS and RWS were granted exclusive rights in Singapore from 2007 to 2017, partly to allow their operators &mdash Las Vegas Sands and Genting Singapore &mdash to get a head start in recouping their large investments. The Government had previously said that there were no plans to award additional casino licences. INCREASE IN CASINO LEVIES The Government also announced that the casino levies for Singaporeans and Permanent Residents will be raised by 50 per cent &mdash from S$100 to S$150 for the daily levy, and from S$2,000 to S$3,000 for the annual levy &mdash to deter casual and impulse gambling. In a statement, MSF said that it considered a range of issues before coming to a decision. These include the problem-gambling situation, changes in household income levels, the prevailing prices of alternatives to local casinos such as those in Genting in Malaysia and the general economic conditions. The National Council of Problem Gambling (NCPG) said that it welcomed the increase in entry levy and would continue to work closely with the Government to ensure that problem gambling remains low in the country. Currently, problem gambling affects less than 1 per cent of the resident population. It also welcomed the joint study by the IRs and MSF to employ technologies that can provide casino patrons with information to help them better control their gambling behaviour. &ldquo We have seen examples of such systems in other countries that allow gamblers to set a budget or time limit for themselves and to get automatic reminders when they are nearing these limits,&rdquo said NCPG in its statement. &ldquo It is positive progress that the IRs will study and implement suitable technology to promote responsible gambling in casinos,&rdquo it added. The NCPG also urged individuals to exercise personal responsibility and family members and the community to encourage those with gambling issues to seek help early. ACTIVATION OF LEVIES, INCREASE IN CASINO TAX RATES From August onwards, both daily and annual levies will be automatically activated after six hours, even if the patron does not enter the casino by then. Also, the earliest a second levy may be purchased is six hours before the first expires. Currently, entry levies are activated when a person first enters the casino. Daily levies are also automatically activated 30 days after purchase, or 90 days for annual levies. There are also no restrictions on the purchase of a second levy. Meanwhile, a tiered structure for casino taxes will be introduced after the current moratorium ends in February 2022. Currently, there is a flat tax rate of 5 per cent for Gross Gaming Revenue (GGR) made through premium gaming and 15 per cent for GGR made through mass gaming. Premium gaming refers to the GGR made through players who open a deposit account with a credit balance of no less than S$100,000. Mass gaming covers players who fall outside of this category. With the change, the first S$2.4 billion of GGR from premium gaming will be taxed at 8 per cent, while GGR which exceeds S$2.4 billion will be taxed at 12 per cent. For mass gaming, the first $3.1 billion of GGR will be taxed at 18 per cent while GGR which exceeds $3.1 billion will be taxed at 22 per cent. https://www.todayonline.com/singapore/irs-allowed-expand-casinos-exclusivity-rights-extended-end-2030 |
||||
| Useful To Me Not Useful To Me | |||||