Genting Singapore’s Situation Is nothing Surprising

Posted: September 16, 2014 in Uncategorized

image

Comments by Professional Ground panel of experts

Why Genting Spore Can’t Pull It Off?

image

Besides the above news report extracts, here’s our panelists view:
~ no more extra money coming from the Chinese officials through Junket network for IR casinos.
Chinese gov. has tightened up the flow of the underground banking channel through southern China region.

~ the mid~range so called Premium Market has been sucking up the casino credit (look at the casino credit debt). Yet casino is not able to improve its Hold % over this pool of premium wagering. Debt collection is also not effective.

~ the mass market share has hit its ceiling long time ago… this Southeast Asian mass market isn’t that big after all. Only 1/10 of Macau enclave.

What else is left to say?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s