Is About Sustainable Wagering Volume, Stupid! Genting Singapore IR Casino

Posted: May 16, 2015 in Uncategorized

image

An extraction of Singapore local media report on Genting Singapore (Sentosa) casino’s pathetic performance…

Assessment by Professional Ground: the bad in-flow of premium casino business to Sentosa casino would continue for at least another three years. Hence, under such a tight credit situation, Genting Singapore is caught in between a hard place and the rock!
On one hand, they cannot continue with the leakages – uncollectable bad debt; yet they need to continue to operate under CCF (chips credit facility) scheme/programmes.
Without CCF program, there’s no premium (VIP) casino business.
And, coupled with another not so good factor – Southeast Asian premium players must be motivated solely (almost all) by CCF before they would come.

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