| Latest Forum Topics / Genting Sing Last:0.615 -- |
 Post Reply
|
|
Genting SP Next Move
|
|||||
|
Gencasino
Senior |
20-Jan-2020 21:58
|
||||
|
x 0
x 0 Alert Admin |
Now we know why chairman bought parent company share. This one going to Super Cheong | ||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
20-Jan-2020 21:26
|
||||
|
x 0
x 0 Alert Admin |
Superb exciting and happening this year
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Gencasino
Senior |
20-Jan-2020 20:54
|
||||
|
x 0
x 0 Alert Admin |
Super exciting | ||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
20-Jan-2020 20:26
|
||||
|
x 0
x 0 Alert Admin |
Casino investor Genting Singapore Ltd has called an extraordinary general meeting to, among other items, seek approval from its shareholders to eventually submit &ldquo one or more bids for the development, operation, management and/or ownership&rdquo of a casino resort in Japan. The meeting is scheduled for February 4, it said in a Monday filing. In supporting documentation to shareholders also filed on Monday, Genting Singapore said the company was &ldquo seeking the approval of shareholders to submit a proposed bid with respect to any one prefecture or city with an investment amount not exceeding US$10 billion.&rdquo According to local media reports, Japan&rsquo s national government was expected to announce early this year the final version of its &ldquo basic policy&rdquo on the integrated resort (IR) topic, as large-scale, multi-use tourism complexes with casinos are known in Japan. Japan&rsquo s casino management commission was formally set up on January 7 and had its first meeting on January 10. Genting Singapore runs the Resorts World Sentosa gaming complex as part of Singapore&rsquo s casino duopoly. The company has shown interest in several of Japan&rsquo s prefectures or cities considering hosting a casino resort. To date, according to Monday&rsquo s filing, Genting Singapore has participated in the request for concept processes organised respectively by the local governments of Osaka and Yokohama. The company said in the documentation made available on Monday that it had &ldquo entered into non-disclosure agreements with certain prefectures and cities in Japan in which the company is considering submitting a proposed bid.&rdquo Getting Singapore added: &ldquo The company is accordingly bound by such non-disclosure agreements as to the level and extent of information which may be shared in this circular.&rdquo While admitting that it might submit more than one bid for an IR in Japan, Genting Singapore said that &ndash if selected &ndash it would only develop and operate one casino resort in that country. The focus, it added, would be &ldquo on major prefectures and cities&rdquo . &ldquo This is to ensure that the company develops and operates a Japan IR in a prefecture or city with a large addressable market,&rdquo it explained in Monday&rsquo s statement. Local governments that meet the basic requirement for bidding for a casino resort &ndash namely being either a prefecture-level or so-called ordinance-level city government &ndash need first to find a private-sector partner or consortium of partners, then apply to Japan&rsquo s national authorities for permission to develop an IR. A maximum of three resorts will be permitted in a first round of liberalisation. &ldquo The board believes that the Japan IR project presents a unique opportunity for the company to enhance its growth profile,&rdquo said Genting Singapore in its latest filing. It added: &ldquo With the company&rsquo s established track record, expertise and experience gained from its IR projects (including in particular, from the development and operation of Resorts World Sentosa) and its strong financial position, the board believes that the company is well positioned to develop a truly transformational IR project in Japan.&rdquo Genting Singapore is part of Malaysia&rsquo s Genting group. The latter has casino interests in Malaysia, the Philippines, the United States, the Bahamas, the United Kingdom and Egypt. Genting Singapore said additionally that a potential foray into Japan would offer the group &ldquo an opportunity to diversify into a new geographical market&rdquo . &ldquo Japan is possibly one of the last major [untapped] regulated gaming markets and offers significant potential within its domestic market. Japan is also riding on a strong wave of international tourism growth,&rdquo stated the casino operator. It added: &ldquo The company expects the return of the Japan IR project to be commensurate with market expectations and conditions of similar projects in the leisure, hospitality and gaming industry, having regard to macro- and micro-economic factors.&rdquo The company said also that it might undertake the Japan IR project together with other investors or partners, as part of a consortium. &ldquo If and to the extent the company undertakes the Japan IR project as part of a consortium, the company will only contribute its proportion of the total investment amount reflecting the ownership and funding structure of the consortium,&rdquo it added. |
||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
20-Jan-2020 20:18
|
||||
|
x 0
x 0 Alert Admin |
Wow ...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
HendriJB
Supreme |
20-Jan-2020 18:14
Yells: "Breathe, Step Back - Think " |
||||
|
x 0
x 0 Alert Admin |
GEN Singapore seeks shareholder nod for Japan IR bid
(((Huat Ah))) Casino investor Genting Singapore Ltd has called an extraordinary general meeting to, among other items, seek approval from its shareholders to eventually submit ?one or more bids for the development, operation, management and/or ownership? of a casino resort in Japan. The meeting is scheduled for February 4, it said in a Monday filing. https://www.ggrasia.com/gen-singapore-seeks-shareholder-nod-for-japan-ir-bid/ |
||||
| Useful To Me Not Useful To Me | |||||
|
ZERO99
Member |
20-Jan-2020 17:35
|
||||
|
x 0
x 0 Alert Admin |
Genting Singapore seeks shareholder nod for japan ir bid
|
||||
| Useful To Me Not Useful To Me | |||||
|
Gencasino
Senior |
20-Jan-2020 17:21
|
||||
|
x 0
x 0 Alert Admin |
https://www.ggrasia.com/gen-singapore-seeks-shareholder-nod-for-japan-ir-bid/ | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
pkli899
Supreme |
20-Jan-2020 13:11
|
||||
|
x 0
x 0 Alert Admin |
On second thought, " one or more bids" can means multiple bids (3 bids?) Why? Yokohama chance getting remote?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
20-Jan-2020 13:09
|
||||
|
x 0
x 0 Alert Admin |
Feeling the heat soon | ||||
| Useful To Me Not Useful To Me | |||||
|
Gencasino
Senior |
20-Jan-2020 13:05
|
||||
|
x 0
x 0 Alert Admin |
Should announcevtheir consortium partner in Japan during the EGM. Exciting times ahead for Genting | ||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
20-Jan-2020 11:41
|
||||
|
x 0
x 0 Alert Admin |
Nothing interesting about GS , only the Japan C. License 🤝
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
coolsan
Member |
20-Jan-2020 11:35
|
||||
|
x 0
x 0 Alert Admin |
Chey...EGM main purpose just to seek approval to get special incentive awards....thot what interesting .. | ||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
20-Jan-2020 11:34
|
||||
|
x 0
x 0 Alert Admin |
👍
|
||||
| Useful To Me Not Useful To Me | |||||
|
pkli899
Supreme |
20-Jan-2020 10:18
|
||||
|
x 0
x 0 Alert Admin |
EGM regarding submission of one or more bids.....haha. I though already known will be submitting 2 bids. |
||||
| Useful To Me Not Useful To Me | |||||
|
seanpent
Supreme |
20-Jan-2020 09:51
|
||||
|
x 0
x 0 Alert Admin |
天 时 地 利
|
||||
| Useful To Me Not Useful To Me | |||||
|
Gencasino
Senior |
20-Jan-2020 09:46
|
||||
|
x 0
x 0 Alert Admin |
Good result Good dividend Positive news out of Japan |
||||
| Useful To Me Not Useful To Me | |||||
|
seanpent
Supreme |
20-Jan-2020 09:34
|
||||
|
x 0
x 0 Alert Admin |
Seems like a sharp upthrust ? impulsive wave ? |
||||
| Useful To Me Not Useful To Me | |||||
|
seanpent
Supreme |
20-Jan-2020 09:29
|
||||
|
x 0
x 0 Alert Admin |
👍
|
||||
| Useful To Me Not Useful To Me | |||||
|
TANPK123
Elite |
20-Jan-2020 07:42
|
||||
|
x 0
x 0 Alert Admin |
Today maybe can.
|
||||
| Useful To Me Not Useful To Me | |||||
