| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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HendriJB
Supreme |
26-Oct-2018 12:53
Yells: "Breathe, Step Back - Think " |
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Las Vegas Sands Corporation?s Japan casino bid facing questions?
Adam Morgan October 12, 2018 Yesterday reportedly saw a top official in the Japanese government deny an accusation that United States President, Donald Trump, had asked the Asian nation?s Prime Minister, Shinzo Abe, to ?strongly consider? a casino bid being made by Las Vegas Sands Corporation. ProPublica published first account: According to a report, the allegation was first published by the ProPublica non-profit news organization on Wednesday as part of an investigation into ties between Trump and the Chairman and Chief Executive Officer for Las Vegas Sands Corporation, Sheldon Adelson (pictured). Request came ?out of the blue?: ProPublica reportedly detailed that 72-year-old Trump had made his request on behalf of the Las Vegas-based casino operator during a meeting held at his Mar-a-Lago estate in Florida in February of 2017. The newly-elected President allegedly surprised attendees by raising the casino issue with one American staff member declaring that the topic had been ?totally brought up out of the blue.? The unnamed staffer told ProPublica that the Japanese delegation had been ?a little incredulous that [Trump] would be so brazen? before stating that Abe ?didn?t really respond and said thank you for the information.? Official denies any impropriety: However, Casino News Daily reported earlier today that Yoshihide Suga, Chief Cabinet Secretary for the Japanese government, responded to the allegation by stating that Abe had already answered this claim and would be making no further comment. The online news domain declared that the official?s assertion referred to an official July statement from the Prime Minister where he had denied any such Trump lobbying had occurred. Race for a Japanese license: Las Vegas Sands Corporation is just one of a number of foreign casino firms said to be vying for one of three operating licenses that are due to be handed out as a result of July?s passage of the Integrated Resort Implementation Bill. The operator is hoping to be given permission to spend upwards of $10 billion in order to bring an integrated casino resort to a 173-acre portion of Yumeshima Island near Osaka by 2025 while ProPublica reported that Adelson recently told investors to expect good news. Adelson reportedly told investors? ?The estimates by people who know, say they know, whom we believe they know, say that we?re in the number-one pole position.? Major Republican donor: ProPublica explained that 85-year-old Adelson is the planet?s 21st richest individual with an estimated personal fortune of around $35 billion and has been a major donor to Republican candidates and causes for decades. It stated that he contributed approximately $20 million towards helping Trump to get elected as the 45th President of the United States before stumping up a further $5 million for inauguration festivities. Operator refutes accusation: Although the White House and the Japanese embassy in Washington, DC, have reportedly yet to comment on the ProPublica accusation, Las Vegas Sands Corporation spokesperson Ron Reese did issue a statement denying any impropriety. Reese?s statement reportedly read? ?The gaming industry has long sought the opportunity to enter the Japan market. Gaming companies have spent significant resources there on that effort and Las Vegas Sands [Corporation] is no exception. If our company has any advantage it would be because of our significant Asian operating experience and our unique convention-based business model. Any suggestion we are favored for some other reason is not based on the reality of the process in Japan or the integrity of the officials involved in it.? |
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HendriJB
Supreme |
26-Oct-2018 12:50
Yells: "Breathe, Step Back - Think " |
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Tokyo government commissions casino impact study
Adam Morgan October 15, 2018 In Japan, the prefectural government for Tokyo has reportedly hired professional services firm Deloitte Touche Tohmatsu LLC to carry out an impact study on the possibility of bringing an integrated casino resort to the nation?s largest city. Positive and Negative: According to a report from GGRAsia, the move from the Tokyo Metropolitan Government was initiated early last month and is to see Deloitte Touche Tohmatsu LLC research and analyze the positives and negatives associated with the area hosting one of three such developments envisioned following July?s passage of the Integrated Resort Implementation Bill. Communities to compete for licenses: The ratification of the Integrated Resort Implementation Bill over the summer is now reportedly expected to result in Japan licensing a trio of Las Vegas-style integrated casino resorts complete with hotels, shops and conference facilities by as early as 2025. However, this legislation purportedly requires all potential operators to partner with a specific local authority before entering the race for one of these licenses by presenting their development plans to the central government. Latest investigation: GGRAsia reported that Deloitte Touche Tohmatsu LLC, which is the local branch of London-headquartered Deloitte Touche Tohmatsu Limited, was the only bidder for the work and is to be paid approximately $68,600 for carrying out its investigation. It additionally detailed that Tokyo?s Bureau of Port and Harbor has commissioned and released the results of four such impact studies since 2014. Lucrative future market: The Asian gaming news website moreover quoted an early-September briefing from Hong Kong-based brokerage firm CLSA Limited as explaining that Tokyo is now seen as a frontrunner alongside the cities of Yokohama and Osaka for one of the three integrated casino resort licenses. It had earlier cited a July note from American financial services giant Morgan Stanley as detailing that the trio of gaming facilities is expected to bring in $11 billion to $20 billion in annual gaming revenues. |
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HendriJB
Supreme |
26-Oct-2018 12:35
Yells: "Breathe, Step Back - Think " |
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*Japan basic plan on gambling addiction in place by April*
Oct 22, 2018 Japan basic plan on gambling addiction in place by April A so-called (basic plan) to tackle the public policy issue of gambling addiction in Japan is to be formulated and made subject to a resolution in cabinet by April next year, according to information gathered by GGRAsia The news emerged after a first meeting on Friday of the body coordinating the public policy effort on gambling addiction, a major topic of community and political concern in relation to Japan?s casino liberalisation process. Having clear harm prevention and mitigation measures in relation to casino gambling is considered in Japan a key precondition of having a casino industry Up to three casino resorts are to be permitted in the first phase of market opening up, but the timetable for when that will happen is not yet clear A body known as the headquarters for gambling addiction countermeasure promotion is the responsibility of the Cabinet Secretariat, under the Chief Cabinet Secretary. The incumbent is Yoshihide Suga a key figure in the government of Prime Minister Shinzo Abe. The official will be assisted in his work on the gambling addiction countermeasures by ministers of state in government departments that also have an interest in the topic The headquarters was set up under the terms of the Basic Act on Gambling Addiction Countermeasures, which came into force on October 5 For its future deliberations the headquarters for gambling addiction countermeasure promotion will put in place an executive committee, including people at director general-level in relevant ministries. The entity will be assisted by a panel of people referred to as experts in the field, according to GGRAsia?s correspondent in Japan |
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HendriJB
Supreme |
26-Oct-2018 12:17
Yells: "Breathe, Step Back - Think " |
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In Japan, there are Three plots for Casino and Genting Sing bid for all 3 .. including others TOP Las Vegas Casino. But local casino player blocking and lobbying Japan Govt not to allowed. Genting Sing get one plot. Stock price will jump UP!!
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explosive2013
Master |
26-Oct-2018 12:05
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Gens better focus on singapore to hv slow and steady grow, don't spend too much money on new venture as it will reduce dividen and profit.
Gens share price better drop to 0.50 to reflect the actual value.. Current price is too high as investor hope on Japan casino... . |
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Luzern
Supreme |
26-Oct-2018 12:02
Yells: "9" |
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There are 3 licenses up for grab in Japan.
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1035834
Senior |
26-Oct-2018 11:51
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Japan Casino license is more likely will go to las vegas sands if trump is still a president of US as he already told  Shinzō   Abe . Genting is quite uncertain under this type of unfair competition.
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trademaster
Supreme |
26-Oct-2018 11:43
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Good summary. 
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trademaster
Supreme |
26-Oct-2018 11:41
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If tourism down, Sg economy gone case.
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halleluyah
Supreme |
26-Oct-2018 11:26
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agak might go back to the 70ct lvl next wk.... | ||||
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sengsk
Elite |
26-Oct-2018 11:23
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Not In A Good Shape ! Look like 0.85 may break ! BECAREFUL !
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Luzern
Supreme |
26-Oct-2018 11:20
Yells: "9" |
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1) At current price, the dividend yeild is about ~4%...... earning is stable, Cash flow and Cash Holding  is strong. 2) Potential longer term play up theme is the Japan IR. 3) Short term market is expecting result to be in-line with MBS with slight falls.? 4) Market Markers in charged here.  Just need to figure out what they are up to and join in the fun with them. In English: FA for Genting is positive, need the coming result to confirm or deny.  There is also potential for price increase due to the Japan IR.  And ~4% dividend yield. IMO, DYODD |
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Maxgrow68
Elite |
26-Oct-2018 11:10
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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In this mkt scenario, just let them play play until song! Hold your ground, stay calm...tourism sector will not down for long.
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trademaster
Supreme |
26-Oct-2018 11:00
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Thanks for the article
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trademaster
Supreme |
26-Oct-2018 10:53
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This one swing very fast from 92 up to 965 in one day, then 965 down to 865 in 2 days. Expect big swing for this counter up again. 
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SgYuan
Supreme |
26-Oct-2018 10:33
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w0 865 w1 895 w2?
w1 40 w2 25 tgt 880 dn 61.8% - px hit 875 now - touch 865 break w3 65 tgt 940 up 161.8% w4 25 tgt 905 dn 38.2% w5 40 tgt 950 up 100% No 100% Good luck
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HendriJB
Supreme |
26-Oct-2018 10:27
Yells: "Breathe, Step Back - Think " |
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Deutsche Bank Report 26 Oct 2018
Alert 🚨 Genting Singapore (GENS) started to raise credit to its VIP guests in 4Q17, we expect this credit-infused growth to decelerate to avoid a repeat of bad debt impairment a few years later. But given its S$3bn net cash position (as of 2Q18) is 26% of its market cap and an estimated S$500mn to cash pile each year plus strong contender to win Japan Integrated Resorts, we thus maintain our Buy rating. Target 🎯 price remained $1.40 |
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Trader130
Supreme |
26-Oct-2018 10:05
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We are not the banker 😂 😂 😂 | ||||
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taxiuncle
Veteran |
26-Oct-2018 10:05
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Now we are in bear market ..dont gonna expect much .
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Trader130
Supreme |
26-Oct-2018 10:04
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Remember do not borrow $$ to buy or short at this point.. very risky to lose all $$$ if greed makeway ...  | ||||
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