VIP segment

Genting Singapore a likely winner this gaming earnings season, says UOB
SINGAPORE (Jan 28): UOB Kay Hian is maintaining “overweight” on gaming with a “buy” call on Genting Singapore (GENS) at a $1.38 target price, or 10 times 2019 EV/EBITDA, on the notion that the integrated resort (IR) operator’s share price could gain momentum on its bidding for Japan’s IR concessions.   This comes as the research house expects GENS’s operational performance ...
Singapore's 2019 gaming industry to suffer spillover effects of VIP weakness: Fitch
SINGAPORE (Nov 27): Fitch Ratings has identified Singapore to be among the markets vulnerable to weakness from China's VIP gamblers, resulting in a flat VIP segment next year. This is considering how Singapore’s gross gaming revenue (GGR) declined 3% on-year in 1H18 after growing 14% in 2017, with the recent weakness largely driven by the slowing VIP segment across Southeast Asia and facing ...