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Genting Singapore mid-term prospects intact even as lady luck turns shy

PC Lee
PC Lee8/6/2018 12:38 PM GMT+08  • 2 min read
Genting Singapore mid-term prospects intact even as lady luck turns shy
SINGAPORE (Aug 6): The mid-term prospects for Genting Singapore are intact as VIP credit policies are likely to remain unchanged, given the comfort level the mega resort operator has with its current portfolio of clients, says CGS-CIMB Securities is recom
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SINGAPORE (Aug 6): The mid-term prospects for Genting Singapore are intact as VIP credit policies are likely to remain unchanged, given the comfort level the mega resort operator has with its current portfolio of clients, says CGS-CIMB Securities is recommending an “add” with $1.44 target price.

To recap, estimated 2Q18 VIP gross gaming revenue (GGR) came in 10.1% higher at $207 million from year ago. While estimated rolling-chip volume grew a 27% to $7.9 billion; this was softened by lower luck factor of 2.6% versus 3.0% in 2Q17.


See: Genting Singapore reports 24% rise in 2Q18 earnings to $177.6 mil

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