November 05, 2009

Banking on a Casino

Lim Kok Thay provided some comforting news during the signing of the RM1.6 billion Resorts World Ltd. public debt securities yeterday. He informed that Resorts world Sentosa Casino will be ready for launch in time for Chinese New Year 2010.

As such all traded units on the group moved higher today. Genting Berhad shares gained 0.98 per cent to RM7.22 ringgit a share on trading volume of 1.69 million shares while Genting Malaysia, which houses the group’s Malaysian casino and leisure business, added 1.5 per cent on volume of 3.47 million shares.

Meanwhile on the other side of the Causeway, Genting’s Singapore unit, Genting Singapore's share price edged up 2.86%

Said Kok Thay,"A January opening will ensure that “Resort World Sentosa can fully capture holiday-makers during next year’s Chinese New Year festivities”.

Resorts World Sentosa is expected to be one of the group’s key earnings drivers in the future.

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