| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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guards80
Supreme |
13-Dec-2016 21:19
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cfm bo? pass 1dollar tmr? :P
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shareluck
Veteran |
13-Dec-2016 21:03
Yells: "buy share also need some luck to win " |
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  cross $1 tmr
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shareluck
Veteran |
13-Dec-2016 20:29
Yells: "buy share also need some luck to win " |
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tmr huat arhhhhhhhh! |
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Gencasino
Senior |
13-Dec-2016 20:26
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Japan casino bill clears panel, paving way for landmark legalisation 
 
Dec 13 A contentious bill to legalise casinos in Japan cleared a key parliamentary panel on Tuesday, essentially assuring its enactment into law, paving the way for high-stakes gambling in the world' s third-biggest economy. Brushing off concerns - even from within Prime Minister Shinzo Abe' s ruling coalition - over gambling addiction and other social ills, lawmakers in an upper house committee approved the bill. It had failed repeatedly in previous parliaments to come up for a vote. Domestic and international companies from MGM Resorts International to Japanese game-machine maker Sega Sammy Holdings Inc could benefit from legalised casinos in Japan, a market that brokerage CLSA estimates could be worth up to $40 billion a year. Given the Abe coalition' s strong majority in the upper house, the bill is almost certain to be approved by the full chamber on Wednesday, the last day of this session. It previously cleared the lower house. |
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Gencasino
Senior |
13-Dec-2016 20:25
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http://www.reuters.com/article/us-japan-casinos-idUSKBN14213K?il=0  Japan casino bill clears panel, paves way to legalize gamblingBy  Thomas Wilson  |  TOKYO
A contentious bill to legalize casinos in Japan cleared a key parliamentary panel on Tuesday, paving the way for high-stakes gambling in the world' s third-biggest economy. Brushing off concerns - even from within Prime Minister Shinzo Abe' s ruling coalition - over gambling addiction and other social ills, lawmakers in an upper house committee approved the bill, which essentially assures its enactment into law. It had failed repeatedly in previous parliaments to come up for a vote. Domestic and international companies from MGM Resorts International (MGM.N) to Japanese game-machine maker Sega Sammy Holdings Inc (6460.T) could benefit from legalized casinos in Japan, a market that brokerage CLSA estimates could be worth up to $40 billion a year. Abe coalition has a strong majority in the upper house, so the bill is almost certain to be approved by the full chamber on Wednesday, the last day of this parliamentary session. It has already cleared the lower house. Vocal criticism of the bill from both the ruling coalition and opposition parties had centered on concerns about gambling-related social ills such as addiction and organized crime. An opinion poll this week by public broadcaster NHK found opposition at 44 percent and support at just 12 percent, with 34 percent of respondents undecided. " Whether casinos will be a plus or not for society is not only a question of making money," said Masaaki Machida of gambling addiction support group Hopehill. " Costs for treating, imprisoning, or hospitalizing (addicts) would be a spiritual, economic and social loss for Japan." Supporters of the bill, which allows for large-scale projects that combine casinos with hotel, shopping and conference space, see casinos as a way to boost tourism - a key success of Abe' s economic growth policies. Proponents hope to submit legislation next year to set out full details of the construction, regulation and location of these " integrated resorts." ALSO IN BUSINESS NEWSTokyo, neighboring Yokohama and the western city of Osaka are in the running as potential locations for casinos. Smaller places on the islands of Kyushu and Hokkaido are also hopeful of being selected. Japan is already home to government-backed gambling in the form of betting on horse, boat and bicycle races. " Pachinko" pinball parlors, ubiquitous in Japanese towns and cities, are also tolerated despite their legally gray status. |
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moneynoenough
Senior |
13-Dec-2016 20:20
Yells: "ikan bilis " |
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ho sei liao...? |
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Gencasino
Senior |
13-Dec-2016 19:12
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last chance to buy in cheap tomorrow, vote to go through........... |
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Qanghoo
Supreme |
13-Dec-2016 17:48
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Probably the sense is that the bill is still likely to pass?
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Blingway
Member |
13-Dec-2016 17:08
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ya why still up? but it' s good, up more pls.
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Johngenting
Veteran |
13-Dec-2016 17:04
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Why Price still go up ??
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gopguppy
Veteran |
13-Dec-2016 16:55
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So what does this news mean? More delays before it can be passed at the upper house?? |
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Gencasino
Senior |
13-Dec-2016 16:16
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http://mainichi.jp/english/articles/20161213/p2g/00m/0dm/063000cJapan' s ruling, opposition parties clash over casino billDecember 13, 2016  (Mainichi Japan)  
TOKYO (Kyodo) -- Deliberations over a bill to legalize casino gambling looked likely to drag on Tuesday, with the ruling coalition' s hopes of getting the bill enacted soon coming up against opposition parties' protests. Prime Minister Shinzo Abe' s Liberal Democratic Party hopes to get the bill through the committee vote Tuesday to buy enough time to enact it in an upper house plenary vote before a two-week extension to the Diet session comes to an end Wednesday. The Democratic Party and smaller opposition parties have signaled they will do all they can to block the bill' s progress in the House of Councillors' Cabinet committee. The committee' s chairman, who has significant powers over the timing of votes on bills, is Democratic Party lawmaker Shoji Namba. The Democratic Party told the LDP in a cross-party meeting Tuesday afternoon that it will not take part in a vote on the casino bill, asking for the bill to be resubmitted to the lower house with various amendments. If the opposition parties succeed in preventing a committee vote on Tuesday, LDP lawmakers could resort to cutting short the committee deliberations to take the bill straight to a plenary session vote. The fracas could prompt a further extension of one or two days to the Diet session, which was earlier extended to end in time for Abe' s scheduled meetings with Russian President Vladimir Putin in Japan on Thursday and Friday. Democratic Party Diet Affairs Committee chairman Kazunori Yamanoi told reporters Tuesday the party will " take every possible measure" to prevent the enactment of the casino bill, referring to the possibility of submitting a no-confidence motion against the Abe Cabinet. LDP Secretary General Toshihiro Nikai indicated at a press conference Tuesday the party remains determined to get the bill through the upper house before the end of the session Wednesday. During the current extraordinary Diet session, which convened Sept. 26, opposition parties have fiercely protested the speed with which bills have cleared deliberations, arguing Abe' s LDP and coalition partner Komeito have railroaded the bills without allowing proper discussion. The casino bill, which passed in the House of Representatives, or lower house, on Dec. 6 after just several hours of deliberations, allows " integrated resorts" that combine casinos with hotels and entertainment facilities. The group of mostly LDP lawmakers sponsoring the bill claims the resorts will spur both domestic and foreign tourism, while opponents in opposition parties and even in Komeito have raised concerns casinos could worsen problem gambling. A bill to reform Japan' s pension system looked likely to clear a separate upper house committee Tuesday after members of the ruling and opposition parties agreed to hold a committee vote once deliberations conclude. The bill, which passed in the lower house on Nov. 29, changes the way pension payments are calculated against movements in wages and prices. Appearing Tuesday morning at the upper chamber' s health, labor and welfare committee, which is chaired by an LDP lawmaker, Abe said the bill " heightens the sustainability of the system." The Democratic Party and other opposition parties have also protested the pension bill, but can do little to obstruct it at this stage because the committee is chaired by an LDP lawmaker. |
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Johngenting
Veteran |
13-Dec-2016 16:14
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Seem good volume n pricing now..Good news | ||||
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Johngenting
Veteran |
13-Dec-2016 16:12
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Seem good volume n pricing now..Good news | ||||
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Battle123
Elite |
13-Dec-2016 14:50
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look like got good support
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Johngenting
Veteran |
13-Dec-2016 14:20
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Great thanks
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herbseller
Senior |
13-Dec-2016 12:18
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If you need free subcription for financial times, do drop me a pm, I can hook you up with one.   |
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herbseller
Senior |
13-Dec-2016 12:17
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12/13/2016 Casino fever heats up in Japan as key vote nears https://www.ft.com/content/56cad5d2c01011e69bca2b93a6856354 1/7 By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. Japan Business & Finance Casino fever heats up in Japan as key vote nears Investment bets being lined up with Japan on verge of joining global casino club © FT Graphic / Bloomberg 4 HOURS AGO by: Leo Lewis in Tokyo Japan is just one key vote (http://next.ft.com/content/a8325b90bb9511e68b45b8b8 1dd5d080) away from unleashing a global investment bet on its future casino industry, as parliament moves to transform the face of gambling in the world&rsquo s thirdbiggest economy. Prominent gamingrelated shares in Japan are rising strongly as the hours tick down to the end of the current parliamentary session this week, slowly closing the window for a historic change that could create an industry worth $40bn a year. Last week, shares in Glory, a Japanese maker of cash processing machines, closed near an alltime high on Friday, having soared following Tuesday&rsquo s passage in the lower house of Japan&rsquo s parliament of the key bill required to legalise casinos in the country. Shares in Glory have been climbing steadily since 2013, when it became clear that the decadeslong push to legalise casinos (http://next.ft.com/content/8c5dac80797811e612/ 13/2016 Casino fever heats up in Japan as key vote nears https://www.ft.com/content/56cad5d2c01011e69bca2b93a6856354 2/7 97ae647294649b28) in Japan had the backing of Prime Minister Shinzo Abe. But there have also been historic gains for less obvious beneficiaries including railway operators, warehouse owners and the nation&rsquo s largest commercial television group. By the end of this week, assuming the casino bill clears the upper house of parliament, that list may be joined by more companies, from producers of security cameras and sound equipment to construction groups and banks that offer potential exposure to the Japan gaming resort story. Brokers from at least five trading houses in Tokyo say privately that they are building model portfolios in anticipation of a wave of speculation on the casino story. While some companies have held back from expressing public support for an industry that remains, for now, illegal, analysts at Daiwa Securities have flagged the travel, theme park and resort operators HIS and Resorttrust as potential beneficiaries, as well as Tokyotokeiba &mdash operator of Tokyo&rsquo s main horseracing track &mdash as a potential wild card winner if package tours of Chinese gamblers arrive en masse. Brokers at Nomura say property stocks and real estate investment trusts (Reits) also stand to benefit if the legalisation goes through. But much depends on which cities are selected to pioneer Japan&rsquo s first casino resorts, says Daisuke Fukushima, a real estate analyst at Nomura. 12/13/2016 Casino fever heats up in Japan as key vote nears https://www.ft.com/content/56cad5d2c01011e69bca2b93a6856354 3/7 The two favourites, Osaka and Yokohama, have substantial tracts of waterfront land available. But they are expected to face strong competition from Nagasaki (http://next.ft. com/content/a34e061e8d2511e5a549b89a1dfede9b), where there is already a large theme park; Tokyo, which is looking for post2020 Olympic legacy projects; and the island of Hokkaido, where three different cities are expected to put up their hands as potential sites. &ldquo We would expect to see an increase in foreigners visiting Japan and the creation of a new market for game operators, hotel companies, real estate developers and construction companies developing and operating facilities like international convention centres and exhibition facilities and companies stating events,&rdquo says Mr Fukushima. Others analysts are focusing instead on less mainstream ideas &mdash the banking, construction, materials and equipment stocks that stand to benefit from construction projects that could be under way as soon as 2018, assuming a casino law is formally put in place next year. Shares in Glory have risen along with a handful of now familiar &ldquo casino names&rdquo including slot machine makers Konami (http://markets.ft.com/data/equities/tearsheet/summary? s=jp:9766) and Sega Sammy (http://markets.ft.com/data/equities/tearsheet/summary? s=jp:6460) and casino operators MGM Resorts (http://markets.ft.com/data/equities/te arsheet/summary?s=us:MGM) and Las Vegas Sands &mdash a fairly unimaginative basket of domestic and international stocks pitched as a lowrisk way for investors to wager that Japan, via Abenomics (http://next.ft.com/content/4690343c474811e68d6872e9211e 86ab), has acquired the political momentum for a shattering of its old gaming taboo. Estimates of the prize vary. Morgan Stanley analysts see Japan as a potential annual casino gaming market of $20bn and put the upside for Las Vegas Sands, should it win the right to operate a casino in Japan, at about $1 per share. More bullish analysts at Related article Japan passes bill to lift ban on casinos (http://ne xt.ft.com/content/a8325b 90-bb95-11e6-8b45-b8b 81dd5d080) Global gaming operators watch closely after first step towards $40bn market 12/13/2016 Casino fever heats up in Japan as key vote nears https://www.ft.com/content/56cad5d2c01011e69bca2b93a6856354 4/7 CLSA see a market that could eclipse Macau (http://next.ft.com/content/434a75f8bdbd 11e68b45b8b81dd5d080) and be worth as much as $40bn. Since last year, major casino operators such as LVS, Wynn Resorts (http://markets.ft.co m/data/equities/tearsheet/summary?s=us:WYNN), Hard Rock International, Genting (http://markets.ft.com/data/equities/tearsheet/summary?s=my:GENTING) and Crown Resorts have been openly hinting at potential multibilliondollar investments in a new Japanese casino. Japanese companies have declined to talk about the matter until it is formally legalised &mdash and could quickly become ardent selfpromoters, say analysts, if the bill (http://next.ft.com/content/575eceb2ed0c372fa0215d40a3a407e3) is passed. For the quiet army of consultants, lobbyists, corporations and politicians who have battled to bring Japan to this point, the proximity to a watershed is excruciating. If it does not pass in this session, most agree, the issue may not return for years. More than half of Japanese, according to a recent poll, are against the bill and parliamentary opposition has been strident. Analysts are warning clients, any assertion that the probability of success is meaningfully above 50 per cent &ldquo would be unrealistic&rdquo . There effectively remain just two days of the parliamentary session in which the government can ram the socalled integrated resorts promotion bill through. The bill 12/13/2016 Casino fever heats up in Japan as key vote nears https://www.ft.com/content/56cad5d2c01011e69bca2b93a6856354 5/7 raced through the lower house on December 6 but must pass in the upper house, where the ruling Liberal Democratic party faces greater opposition. Last week the leader of the opposition Democratic party, Renho Murata, attacked the whole project as &ldquo problematic&rdquo and highlighted the reality that casinos &ldquo basically make money on bets lost by gamblers&rdquo . &ldquo I think casinos will degrade Japan&rsquo s national dignity,&rdquo she told parliament. Print a single copy of this article for personal use. Contact us if you wish to print more to distribute to others. © The Financial Times Ltd. Latest on Japan Business & Finance Interview Investing under Trump Mitsui counts on US consumer recovery under Trump Chief executive optimistic new policies will stimulate economy and spending Food & Beverage Sumitomo agrees takeover of banana producer Fyffes Deal would allow Japanese trading house to expand its European food business Age of the ETF Bank of Japan&rsquo s controversial masterclass in ETF investing Central bank buying has helped the stock market but angered pension funds Latest in Travel & Leisure Travel & Leisure Ladbrokes Coral shares fall as GVC takeover talks break down 12/13/2016 Casino fever heats up in Japan as key vote nears https://www.ft.com/content/56cad5d2c01011e69bca2b93a6856354 6/7 Tighter regulation and increased taxes have led to a wave of consolidation Analysis Travel & Leisure Activision has a fight on its hands over Call of Duty game sales Franchise has sold 200m units in 13 years but retail figures are down, say analysts Lex Macau gaming: high roller Premium The sector remains vulnerable to policy change, especially in China Follow the topics mentioned in this article Follow the authors of this article Travel & Leisure Japan Companies Retail & Consumer Asia-Pacific Companies Leo Lewis Take a tour of myFT 12/13/2016 Casino fever heats up in Japan as key vote nears https://www.ft.com/content/56cad5d2c01011e69bca2b93a6856354 7/7
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Johngenting
Veteran |
13-Dec-2016 11:20
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Is it today or tomorrow result from Japan
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Johngenting
Veteran |
13-Dec-2016 11:18
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Can't read ..can share here ?
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