Genting Gambles on Japan
Tushar Mohata, Head of Equity Research, Nomura
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Genting Singapore Q3'16 revenue declined 8.6% y-o-y to S$581.5m as the sector reels from a decline in gaming volumes. As a result of major typhoons, the group had to divest & pare down its stake in its Jeju integrated resort in South Korea, where its construction progress was hindered as a result. However, the group is bullish of possible greenfield ventures into Japan, where lawmakers there yesterday reopened the debate on its casino bill. Tushar Mohata, Head of Equity Research, Nomura thinks the potential for Japan's gaming market could outstrip that of Singapore - as one of the last developed market to legalise casinos.
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
Tags: Genting Singapore, gaming sector, Singapore equities, Japan casino bill