SINGAPORE (Oct 8): Goldman Sachs has downgraded Genting Singapore to a “sell” rating with a target of 66 cents as it is disappointed by the casino operator's performance.

Goldman says rival Marina Bay Sands, owned by Las Vegas Sands, has proven to be a better operator.

Genting Singapore’s shift to become a mass-market player will take time, while debt and derivative losses are a concern.

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