Self-churning??? … Genting RWS

Posted: November 13, 2010 in Uncategorized

Quick press by Professional Ground editorial

13th Nov 2010  SAT

Please refer to the last article posted on this blog: “Genting RWS fails Overly Optimistic Analysts” dated 12th Nov.

Some analysts would remember the case of Amax (a listed junket “wholesale” ) that was used for self-churning of VIP gaming topline by Crown Macau, a tactic for grabing market share of VIP market.  Eventually the whole scheme failed.

So, read carefully RWS’ 2nd quarter fantastic VIP revenue “been generated”… likely of huge credit exposure by casino.

It is therefore an interesting scenario for 4th quarter results coming from Genting Singapore… 

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