Genting Singapore – Heading towards 50:50 market share

17th October 2011

Top Story : Genting Singapore – Heading towards 50:50 market share         Market Perform

Visit Note ( Singapore )

¨       Key highlights from our recent visits to Genting Singapore and Las Vegas Sands: 1) Shift in market share towards the 50:50 mark; 2) MBS has more cautious credit extension policies, but RWS is tightening its policies; but MBS may have slightly more generous direct rebates 3) Debt provisions and collection trends; 4) Not much more expansion allowable for casinos; 5) No news on junket front; 6) USS doing well, high hopes for Marine Life Park; and 7) Dividend coming in FY12. 

    (RHBInvest)