26th Feb 2012 SUN Latest News Extracts (CNA) and expert commentary Singapore’s Casino Control Act under review SINGAPORE: The Government is currently reviewing the Casino Control Act, which among other things, governs the operations of the two Integrated Resorts (IRs) in Singapore. This was disclosed by Minister in the Prime Minister’s Office, Mr S Iswaran, [...]
Archive for February, 2012
Singapore To Review Casino Control Act & Expert Commentary
Posted: February 26, 2012 in Uncategorized1
24th Feb 2012 FRI News Extracts (1) Singapore govt. will extend regulatory control over local visitation A recent survey of Singapore population involved in gambling shows that more percentage of its lower-income groups of population are involving in gambling especially casino betting. It is highly probable that the govt. would enlarge the coverage through regulatory [...]
23rd Feb 2012 Thur News extracts confirmed That Genting Resorts World Sentosa Has Stagnated In Market Growth The local Singapore news has reported a so-so performance of RWS (Resorts World Sentosa) in their 4th quarter 2011. Mainly, RWS produced the following 4th qtr performance below analysts’ expectations. - Daily revenue amounting to S$8.5m; against MBS’ S$8.9m - Ebitda of S$405,940,000 for [...]
14th Feb 2012 Tue New Extracts & Commentary SINGAPORE CASINO PIE IS NOT REALLY THAT BIG? At the close of the day, Genting Singapore stock price is at SGD1.70, with analysts recommending a Buy position. Just last week, Marina Bay Sands (MBS) 4th quarter 2011 result announced was not really sparkling. It merely indicates a “diminishing effect” of [...]
News Extracts There can be only two scenarios: (1) If the Republicans win this years US presidential election, Adelson is safe. (2) If Obama wins this year again, Adelson could still get away, probably with a fine that’s all.
Extracts of business news FOR THOSE WHO STILL DO NOT BELIEVE THAT GENTING HAS “BEACHED” IN FLORIDA AND IT’S A LONG-SHOT, THIS IS THE OUTCOME… STILL REMEMBER THEIR UK CASINO FIASCO? FLORIDA’S INTEREST GROUPS (SUCH AS DISNEY ETC.) WILL NOT BE STANDING STILL AND WATCH.
News Highlights 6th Feb 2012 GENTING GROUP “BEACHED” IN FLORIDA STATE CONGRESS Latest news release, Genting Group has failed in their proposed bid trying to build mega casino resorts in the state of Florida. Strategically, this is a bad time for such a bid, because this year is the US presidential election year. State congress [...]
4th Feb 2012 SAT Casino News Singapore, a special commentary by Professional Ground Marina Bay Sands 4th Quarter 2011 EBITDA Shows Limitations Marina Bay Sands 4th quarter result isn’t that spectacular, based on any new casino resorts standards. It’s reported 4th quarter 2011 Ebitda was USD426.9m, which is 39.6% higher than 4th qtr of 2010. Of which, [...]
