Tag Archives: Genting Singapore
- Genting Singapore Samurai bonds now up for grabs
October 11, 2017
Casino operator Genting Singapore PLC has issued Samurai bonds as it prepares for the looming casino license showdown in Japan. Reuters reported that Genting Singapore will issue yen-denominated bonds in three tranches. The company set the pricing of the bonds on a three-year fixed tranche at yen offer-side swaps plus...
- Genting Hong Kong exits Singapore bourse
October 4, 2017
Casino operator Genting Hong Kong is exiting the Singapore Stock Exchange as the holding company consolidates trading in order to tap potential Chinese investors. In a regulatory filing, Genting announced that it received the blessing of the Singapore bourse for the voluntary delisting of the shares of the company from...
- Genting Singapore marks Japan presence with new office
September 21, 2017
Casino operator Genting Singapore PLC is making its presence felt in Japan ahead of passage of important casino legislation in the island nation. In a disclosure to the Singapore Stock Exchange on Wednesday, Genting Singapore announced that it has opened a branch office in Tokyo as Japan prepares to open...
- Genting Singapore shifts business priority to mass market
August 24, 2017
Genting Singapore PLC, which has been reliant on VIP high rollers in the past years, wants to lure more mass market players to its facilities amid dampening VIP credit quality. Bloomberg Intelligence reported that Genting Singapore is pivoting away from the VIP segment in casino gaming as the number of...
- Genting Singapore, gov’t brainstorms on new Tourism strategy
August 7, 2017
The company may have seen a profit turnaround in the second quarter of the year but casino operator Genting Singapore remains cautious on its outlook. Part of the worry of Genting is whether Singapore may be able to sustain the robust figures of foreign tourists – particularly of those in...
- A tale of two Gentings: Singapore soars, Hong Kong sinks
August 3, 2017
Two different gaming divisions of Malaysian conglomerate Genting have reported sharply different fortunes so far in 2017. On Monday, Genting Hong Kong issued a profit warning, alerting shareholders that it expects to post a net loss of between $200m and $220m in the six months ending June 30. The forecast...
Genting Dream cruise makes maiden voyage to Japan’s Okinawa
April 10, 2017