Laughing All The Way To Bank !!!!!!
SINGAPORE, Feb 8 (Reuters) - Genting Singapore requested a trading halt on Monday pending an announcement, following the granting of a casino license by the city-state's regulator over the weekend.
The Straits Times newspaper reported on Monday that Genting, a unit of Malaysia's Genting Bhd , has told staff and tenants the casino and Universal Studios theme park at its Resorts World at Sentosa casino-resort will open this week. (Reporting by Kevin Lim and Harry Suhartono; Editing by Lincoln Feast) ((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: GENTING SINGAPORE/
SINGAPORE, Feb 6 (Reuters) - Singapore's Casino Regulatory Authority said on Saturday it had issued a licence for Resorts World Sentosa (RWS), operated by Genting Singapore PLC .
RWS is one of two casinos which will start operation in Singapore this year. (Reporting by Harry Suhartono; Editing by Nick Macfie) ((harry.suhartono@thomsonreuters.com; +65 6403 5658; Reuters Messaging: harry.suhartono.reuters.com@reuters.net)
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: SINGAPORE CASINO/GENTING
24 comments:
sold off all genting at 6.89-6.93, realize more than 15k T+1 contras profit :D)
sold off all bjtoto at 4.26, realize few hundred T+1 contra profit :)
bought back all Genting at 6.82-6.83, realize more than 10k intraday gain instead of T+1 contra gain :)
Selling pressure seem have yet to ease off, bursa continue tumble more than 6pts.
Genting also loss momentum, only up 2sen :(
Next catalyst is from Genting its official launch of casino by this week before CNY.
Congrat hng :)
Market took a u-turn. :(
GSP also see red now.. :(
sold off all Genting at 6.74-6.75; realize one time big loss :(
Sold all BSDREIT at 1.37.
Bought Amfirst at 1.05.
hng,
not keeping Genting ?
bought back all and more genting at 6.71-6.73.....Sing market reverse loss, sign of relief...
sold off all TWRREITs at 1.18, realize all paper profit
Genting closed at 6.72, bought back all and add more stake at 6.72, reverse earlier loss to still record intraday profit.
Also bought maximum 100% stake of Genting SP at $1.08
Msia portfolio
a) Genting 146.6% (cost: 6.81)
b) Genting 26.3% (cost 6.72)
b) IOIcorp 33.7% (cost: 5.108)
c) IOIcrop 34.2% (cost 5.20)
d) CIMB 8.6% (cost 12.48)
Singapore portfolio
a) Genting SP ($1.08)
European market all up more than 1%, hopefully US market also rebound tonight....
Market continue to slump more than 10 points. :(
Staying with REITs is the safest.
Lets the storm over...wait for rebound
Bought more Genting at 6.53.
Hopefully is not catching the dagger. :P
horse
Congrat, your genting already in money :)
Market recover slightly but volume still thin.
Market pare down loss, but still record negative of more than 1 pts compared to regional market up more than 1% :(
Portfolio remain unchanged, but suffer paper loss except for Sing. portfolio
Sold off all Genting SP at S1.09-1.10, realize all paper profit.
Sold off all Genting at 6.68-6.73, realize one time biggest loss in portfolio :(
Sold off all IOI corp at 5.13-5.14, realize one time lost :(
will the operations of GENSP benefit GENM in anyway? dun think they are related in anyway....
GENSP will more like stealing bizness from GENM instead...
Wedding Gift,
u r right, in fact GSP will poise business threat to GENM as they both became rival but GENM business has been established & stable, so, i would say the impact is not that great as both cater for local need....
establish yes... but ppl from SG / JB will not need to travel to GENTING to gamble anymore... coz they have 2 casinos nearby, so GENM will be on the losing end, lost of revenue...
will review them mid of 2010 to have a clearer picture...
1Q result will be able to determine how much that will impact GENM, wait till end May and see, if revenue drop 50% then you need to worry else it would still remain stable. I only hope that they can unlock the cash pile to us, then we are pretty safe by then else aiming for dividend play for this counter is not realistic, better switch and buy more GSP, coz the prospect for GSP is better.
Let see if they kind enough to rewards shareholder else i will unload soon.
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