| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Gencasino
Senior |
04-Jan-2017 18:52
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http://www.businesstimes.com.sg/stocks/stocks-to-watch-jumbo-group-genting-singapore-midas-holdings-kitchen-culture-isr-capital   Stocks to watch: Jumbo Group, Genting Singapore, Midas Holdings, Kitchen Culture, ISR CapitalWednesday, January 4, 2017 - 08:45
 
ST PHOTO
THE following companies made announcements after market close on Tuesday that could affect their shares trading on Wednesday: JUMBO Group  has entered into its  first franchise agreement  that would bring its brand to Vietnam. The F& B chain known for its chilli crab has granted franchise rights to Vietnam' s Nova Bac Nam 79 Joint Stock Company for it to operate Jumbo Seafood restaurants in Ho Chi Minh City and Danang in Vietnam. GENTING Singapore  has  completed the disposal of its stake  in an integrated resort in Jeju, South Korea, chalking up a gain of about S$96.3 million. The total sum received by the group for the stake was US$411.1 million. MIDAS Holdings, which supplies railway parts in China, said its joint venture company has  secured two metro train car supply contracts  worth a total of 1.77 billion yuan (S$369 million). |
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Goldfinger
Supreme |
04-Jan-2017 18:51
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Is this your insider news or pure speculation?
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anthonykwong
Supreme |
04-Jan-2017 16:51
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If Spore announces news for 3rd IR in 2017, genting S will drop
If Msia govt announces more IR in Msia, genting S will drop genting m may rise or drop |
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gopguppy
Veteran |
04-Jan-2017 14:08
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Genting SP made $96 million after the jeju project. Maybe 3% div ?? |
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MarketSensors
Senior |
04-Jan-2017 10:00
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Are we going to get fat dividends soon? 😅 | ||||
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lglg666
Supreme |
04-Jan-2017 09:32
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A reversal? | ||||
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enjoylife77
Veteran |
03-Jan-2017 20:13
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Syndicate expect results to be extremely bad. |
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investshare
Supreme |
03-Jan-2017 12:26
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88
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herbseller
Senior |
02-Jan-2017 18:58
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http://www.straitstimes.com/business/companies-markets/genting-singapore-dissolves-macau-unit  
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guards80
Supreme |
01-Jan-2017 20:38
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Macau gambling revenue falls 3.3% in 2016, 3rd year in a row
01 Jan 2017 16:30 [HONG KONG] Gambling revenue in the Chinese territory of Macau fell for a third year in a row in 2016 as a prolonged anti-corruption campaign and slowing economic growth sapped sentiment in the world's largest casino hub. Gambling revenue fell 3.3 per cent to 223.2 billion patacas (S$40.5 billion) last year, government data showed on Sunday, in line with with analyst forecasts of a drop of 3 per cent to 4 per cent. |
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happyharvest
Elite |
01-Jan-2017 20:17
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where would the casino planned to build in Japan?
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hlfoo2010
Master |
31-Dec-2016 15:42
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06:36 GMT 5.5 magnitude tremblor hits near Japan&rsquo s Fukushima PrefectureA 5.5 magnitude earthquake has hit 37 kilometers from the town of Namie in Japan&rsquo s Fukushima Prefecture, the US Geological Survey has reported. It put the depth of the quake at 11.9 kilometers. The city of Namie, which is in the southern part of Fukushima prefecture&rsquo s Hamadori coastal region, has a population over 20,000 people. The town had already been hit by a 6.9 magnitude quake in November of this year, in which at least 15 people were injured. 06:18 GMT Israel issues travel warning for India citing threat of terrorismIsrael&rsquo s anti-terrorist authorities have issued a travel warning for India, saying there could be a terrorist attack at tourist hotspots.  &ldquo A particular emphasis should be put on events in the coming days in connection with beach and club parties celebrating the New Year where a concentration of tourists will be high,&rdquo   the warning said, as cited by Israeli media. Israeli citizens are advised to avoid markets, festivals, and crowded shopping areas, mostly in the southwest of the country.   |
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Goldfinger
Supreme |
31-Dec-2016 12:32
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Agree - Japan market is more than one tiny red dot - every major city and region will want an IR and casino to attract tourist dollars. If not, they may lose out to the IR cities. There will be enough to go around.
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happyharvest
Elite |
31-Dec-2016 00:44
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is there any news?
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investshare
Supreme |
30-Dec-2016 16:46
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If interim div is sustainable, that's more than 3% at current price. | ||||
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Gencasino
Senior |
30-Dec-2016 16:23
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Japan has been sending delegates to Singapore in December to visit the IRs...Genting selling Korea..and being so sure of the casino bill.   Where do you think the delegates go and who entertains them? Strong feeling that they will be awarded one of the few IRs in Japan and some people have some knowledge..quite confident that LVS will be awarded one of the licences too, and the market has huge potential for both players.   Its all about modelling after Singapore and these 2 companies have the knowldge and operating model. Singapore market improving, higher visitor arrivals, Genting turn around, Macau turn around, higher dividends from Genting until Japan starts generating revenue. Genting results in Feb, dividends in May (final dividend will not be lower than interim dividend of 1.5 cents with improving margins), and Japan action and bidding process will start soon.   Abe' s term is up in 2 years, he will waste no time.   Big players will get in soon..  BUT invest at your own risk and based on your research. I am going long for 2 years with $2.50 price target.   Happy New Year. |
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hlfoo2010
Master |
30-Dec-2016 16:07
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Waiting below ..8 is it possible ???? |
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Gencasino
Senior |
30-Dec-2016 09:45
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Macau casino market on track to end 2016 on a high  Adam Morgan
 
  December 28, 2016
 
In  Macau, industry experts have reportedly predicted that aggregated gross gaming revenues for December are on track to post a year-on-year increase of between 4% and 6% and bring the monthly tally to around $2.4 billion. According to a report from GGRAsia, the forecast means that the over 30 casinos in the former  Portuguese  enclave could be about to post five consecutive months of year-on-year growth in aggregated gross gaming revenues after recording  some 26 months of declines  up to August. &ldquo According to our industry sources, based on gaming play for the first 26 days of December, gross gaming revenues in Macau for the month are estimated to be tracking at just under plus 5% year-on-year, [which is] a deceleration from last week&rsquo s plus 10% estimate,&rdquo read an advisory note from ratings agency Telsey Advisory Group. Macau&rsquo s casinos saw their aggregated gross gambling revenues for  August improve by 1.1%  year-on-year, which broke the 26 months of declines, while  a 7.4% swell was reported for September  before  October&rsquo s figure went up by 8.8%. These were all surpassed last month by  a 14.4% boost to approximately $2.4 billion, which means that the industry has  already brought in roughly $25.5 billion  during the first eleven months of 2017. &ldquo This assumes an electronic games estimate for December, which puts monthly gross gaming revenues at $2.4 billion,&rdquo read a statement from Telsey Advisory Group analysts David Katz and Brian Davis. Christopher Jones from the Buckingham Research Group Incorporated reportedly told GGRAsia that average daily aggregated gross gaming revenues in Macau for the eight days up to December 26 stood at $73.47 million, which amounted to a total of around $1.91 billion and reflected &ldquo a slight slowdown from the prior week level of $77.34 million&rdquo . &ldquo We would attribute the week-to-week moderation to seasonality and the addition of an extra weekday versus last week,&rdquo said Jones. &ldquo Looking forward, we are maintaining our 4% to 6% gross gaming revenues growth outlook for December with an expectation of a strong finish to the month going into western New Years.&rdquo Jones reportedly explained that his firm was maintaining its previous estimate of a 9% increase year-on-year in fourth-quarter aggregated gross gaming revenues with &ldquo expectations for mass-market gross gaming revenues to increase in the 11% to 12% range and for VIP to be flat to minus 1%&rdquo . |
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Gencasino
Senior |
30-Dec-2016 09:44
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Japan looks to Singapore for ideas as Diet debate over new casino law loomsBY  ERIC JOHNSTONSTAFF WRITER  
OSAKA &ndash   What are the odds that the public can be convinced of the case for legalized casino gambling? With the passage of a controversial bill earlier this month lifting the ban on casino gambling, and in the face of strong public opposition, supporters now must make the case to a skeptical public that so-called &ldquo integrated resorts&rdquo are not only the best approach to controlling the social ills related to gambling, but can also generate a profit for operators and add to the local tax base. In 2017 the Diet is expected to debate new bills designed to realize integrated resorts and spell out conditions under which they will operate. The discussion is expected to be intense, and pro-casino politicians at the local and national levels are increasingly looking to the island nation of Singapore as a model for best practices. In mid-December, a group of 12 Osaka Municipal Assembly members traveled to Singapore on a fact-finding mission, seeking to discover how Singapore&rsquo s two integrated resorts are faring. Osaka Gov. Ichiro Matsui and former Osaka Ishin co-founder and Mayor Toru Hashimoto are keen to make Osaka the first locality in Japan to host a casino complex. They have said Singapore could serve as a model for Osaka and Japan. Prime Minister Shinzo Abe and former regional revitalization minister Shigeru Ishiba have also visited Singapore&rsquo s casinos and praised the way they are managed. What is it about Singapore&rsquo s casinos that appeals to Japan&rsquo s pro-casino lobby? In a nutshell, it&rsquo s the comparatively strict conditions under which they are run, especially the city-state&rsquo s procedures for dealing with problem gamblers. There are several ways Singapore bars people with gambling problems from casinos: self-exclusion, family exclusion, and automatic exclusion by law. In the first instance, citizens, permanent residents and foreign nationals can apply for a so-called voluntary self-exclusion if they believe (or are persuaded by others) that they have gambling problems. A second type is a family-initiated exclusion in which immediate family members apply to bar an individual they believe has a gambling problem. In both cases people stay on the list for a minimum of one year, and must apply to the National Council on Problem Gambling (NCPG) to get off it. The NCPG is made up of 15 members who are experts in psychiatry, psychology, social services, counseling and law, among other specialties. Under Singapore&rsquo s Casino Control act, they have the power to execute casino exclusions and visit limitations, as does the commissioner of police. Finally, those citizens and residents who have undischarged bankruptcies, receive financial aid from the government, are more than six months behind in their rent or receive legal aid are automatically excluded by law from entering a casino. Citizens and permanent residents are also limited by law in the number of times they can visit a casino each month. An individual can apply for a voluntary visit limit, which is designed to help curb problem gambling. Immediate family members can also apply for a monthly casino visit limit for a relative. As of September, nearly 317,000 people were excluded from Singapore&rsquo s casinos, including about 246,500 foreign nationals and 21,000 citizens and permanent residents under the self-exclusion scheme. Another 4,000 people had the number of monthly visits they could make capped. For citizens and residents who can enter casinos, however, it&rsquo s not a matter of simply walking straight to the gaming tables. There&rsquo s an entry fee of SG$100 (about ¥ 8,000) to enter and remain on the casino premises for 24 hours. Or, an individual may pay SG$2,000 (about ¥ 160,000) for an annual membership that affords unlimited entry. Only two licensed casinos are currently open in Singapore, the Marina Bay Sands, which is operated by a unit of the U.S.-based Las Vegas Sands Corp., and the Resorts World Sentosa, which is run by Genting Singapore Plc, a subsidiary of the Malaysian conglomerate Genting Bhd. Both are considered integrated resorts. &ldquo Singapore is a notable success in that it has established a statutory and regulatory environment for two very large integrated resorts,&rdquo said Eugene Christiansen, CEO of Christiansen Capital Advisors LLC, a U.S.-based independent research and consulting firm with expertise in the regulation of the international leisure and entertainment industry. Christiansen has written about Japan&rsquo s attempts to introduce integrated resorts. &ldquo The policy goal Singapore sought to realize with its casino law was to create diversified integrated resorts that would attract tourists for extended stays, not just gamblers. Casino gaming and nothing else is too narrow a franchise today to support a competitive tourist industry,&rdquo he said. Gillian Koh, deputy director for research at Singapore&rsquo s Institute of Policy Studies and an expert on civil society, said that Singapore&rsquo s size is one factor that other nations studying Singapore&rsquo s legal structure need to keep in mind. &ldquo Singapore is small. It&rsquo s the broader governance model and the scale that we are operating within that I suppose needs to be&rdquo understood as the context of Singapore&rsquo s casino experience, she said. Prior to agreeing to integrated resorts with casino gambling, Japan&rsquo s government conducted numerous public opinion surveys, finding that most citizens and residents were aware of the dangers of problem gambling but were not overwhelmingly against casinos, especially if they were a part of more general integrated resorts designed to attract international tourists. With the passage of the law lifting the ban on casino gambling, Singapore is likely to see more delegations of Japanese local government officials in 2017 as the Diet prepares to debate specific legislative measures for integrated resorts. But Christiansen warned that simply building a casino and waiting for people to come is wrong. &ldquo Integrated resorts are not for amateurs. Anyone can build a casino. But true IRs are the most complicated leisure entertainment products ever brought to market. &ldquo If Japanese IRs are going to attract affluent tourists and keep attracting them after the novelty of gaming has worn off, they must be competitive with the best IRs in the world, meaning the best properties along the Las Vegas Strip, in Singapore, in Macau, and wherever else in the world such world-class IRs are built in the next 25 or 30 years,&rdquo he said. |
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ecekca
Elite |
29-Dec-2016 23:49
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so what the story on genting ? Still waiting for it to break 0.9 |
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