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Genting Singapore’s FY17 DPS unlikely more than 3 cents as Las Vegas casino needs capex support

Stanislaus Jude Chan
Stanislaus Jude Chan10/11/2017 03:23 PM GMT+08  • 2 min read
Genting Singapore’s FY17 DPS unlikely more than 3 cents as Las Vegas casino needs capex support
SINGAPORE (Oct 11): Deutsche Bank says Genting Singapore (GENS) shareholders should not expect distribution of more than 3 cents per share for FY17.
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SINGAPORE (Oct 11): Deutsche Bank says Genting Singapore (GENS) shareholders should not expect distribution of more than 3 cents per share for FY17.

That's because Genting Bhd (GENT) needs more money for the US casino and is tapping GENS for it.

On Tuesday, Genting Overseas Holdings (GOHL), which owns 53% of GENS, announced it will tap its existing US$1 billion bond for more capital to fund capex at GENT's Resort World Las Vegas.

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