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After results beat, is Genting Singapore still a gamble?

Stanislaus Jude Chan
Stanislaus Jude Chan8/3/2017 01:19 PM GMT+08  • 5 min read
After results beat, is Genting Singapore still a gamble?
SINGAPORE (Aug 3): Oh, how the wheels of fortunes have turned in favour of Genting Singapore (GENS).
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SINGAPORE (Aug 3): Oh, how the wheels of fortunes have turned in favour of Genting Singapore (GENS).

This time last year, the integrated resorts and casino operator was languishing in the red after the recognition of a fair value loss of $95 million on derivative financial instruments, even as a low win percentage in the premium market saw revenue slip by 17%.

The group cautioned that its VIP business faced increasing pressure amid the economic uncertainty shrouding the region, and vowed to launch further cost efficiency initiatives to help turn the ship around.


See: Genting Singapore swings out of the red in 2Q on disposal gain, improved revenue

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