Shares of casino operator Genting Singapore <GENS.SI> rose as much as 3.8% on Thursday after rival Marina Bay Sands posted strong third-quarter results, boosting sentiment on the gaming industry.

At 0307 GMT, Genting Singapore shares were up 2.4% at S$2.18 on a volume of 131.3 million shares.

Las Vegas Sands Corp <LVS.N>, the casino operator run by billionaire Sheldon Adelson, posted a better-than-expected third-quarter profit on Wednesday due to strong results at its new Singapore resort and in Macau. 

 

“The key positive was the suggestion that Singapore’s gaming market could be worth $8 billion in 2011, 25% higher than our current estimate,” CIMB Research said in a report.