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Everyone, hold your seat belt tight. I will bring you all to the heaven....
Flyordie ( Date: 10-Jul-2012 14:12) Posted:
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When this stock goes down, many people cry. Likewise, when it goes up, people also cry.
Relax.... The play is coming.....
Genting can't move further becoz recently newspapers said there is a group of gamblers whose are expert in maths going around the world's casino and can outbeat them in winning billions in short time.....haha
this thread is so quiet recently..
Trust me, i will make it back to S$2 !!!
Flyordie ( Date: 09-Jul-2012 12:02) Posted:
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Strong resistant at 1.38. If it break then can off pc already
When a horse can't run, it can't run unless the form returns. Hahaha, horse talk? Genting might come from the back, though, lol.
Expect unexpected? Good result, price dropped like hxxl,poor result?
Punter77 ( Date: 09-Jul-2012 10:41) Posted:
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got insights that latest announcement may not be good, prob ll drive down G to 1.28 based on TA.... those holding to long, time to cut loss....
More down side coming?
Relax... it is control at this price.... just for charge up....lol
Even I don't wish so but still
New123 ( Date: 08-Jul-2012 14:41) Posted:
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don't think so! $1.30 soon..
JustinQuek ( Date: 08-Jul-2012 14:13) Posted:
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Technical = practical ?
If you look at Technicals
Genting forming bullish reversal pattern.
Taiwan shall open it first casino on Matsu isle if Taiwan's Parliament pass the gaming bill and it is a gd new for GenSP since they are preparing for this to come since they have raised cash fr its perp bonds with intention to build a casino in Asia.
GENSP will in a favorable position to penetrate Taiwan market due to its huge war chest and track record in building n running a casino resort as what they have did in Sentosa /Genting highland.The juice of the deal is that Matsu isle is near to China's Fujian which Macau's have dominate China gambling markets for so many years.
Japan diet will vote on a similar bill to build casino in Japan.Intense competition but provide great opportunity
jia lat liao this time...
Singapore casino law to allow fines up to 10 percent of revenue
(Reuters) - Singapore plans to toughen its casino laws and allow the regulator to impose a fine of up to 10 percent of annual revenues generated by operators Las Vegas Sands (LVS.N) and Genting Singapore (GENS.SI), local media reported on Saturday.
The maximum penalty that Casino Regulatory Authority can now impose is S$1 million (506,713 pounds). But after amendments to the law are passed, the fines could potentially exceed $200 million.
The changes were announced by S Iswaran, a minister in the Prime Minister's Office, who said the proposed revisions will help ensure Singapore's two multi-billion-dollar casino-resorts " remain full-fledged tourist destinations, (and) not just casinos with frills," according to the Straits Times.
Today, another Singapore newspaper, said the new rules should be in place by the end of the year.
Singapore's two casinos must abide by various regulations, like keeping strict records and preventing money laundering.
Both have been fined for admitting minors and for permitting Singaporeans and permanent residents to enter without paying the S$ 100 dollar entry fee intended to keep in check gambling addictions. Foreigners pay no admission fee.
The casinos are among the world's most profitable and together generate gaming revenues comparable to the combined gaming revenues of casinos along the Las Vegas Strip.
Genting Singapore's Resorts World at Sentosa reported S$2.69 billion in gross gaming revenue last year, while Las Vegas Sand's Marina Bay Sands managed $2.36 billion.
Singapore's casino regulator could not be reached for comment.
(Reuters) - Singapore plans to toughen its casino laws and allow the regulator to impose a fine of up to 10 percent of annual revenues generated by operators Las Vegas Sands (LVS.N) and Genting Singapore (GENS.SI), local media reported on Saturday.
The maximum penalty that Casino Regulatory Authority can now impose is S$1 million (506,713 pounds). But after amendments to the law are passed, the fines could potentially exceed $200 million.
The changes were announced by S Iswaran, a minister in the Prime Minister's Office, who said the proposed revisions will help ensure Singapore's two multi-billion-dollar casino-resorts " remain full-fledged tourist destinations, (and) not just casinos with frills," according to the Straits Times.
Today, another Singapore newspaper, said the new rules should be in place by the end of the year.
Singapore's two casinos must abide by various regulations, like keeping strict records and preventing money laundering.
Both have been fined for admitting minors and for permitting Singaporeans and permanent residents to enter without paying the S$ 100 dollar entry fee intended to keep in check gambling addictions. Foreigners pay no admission fee.
The casinos are among the world's most profitable and together generate gaming revenues comparable to the combined gaming revenues of casinos along the Las Vegas Strip.
Genting Singapore's Resorts World at Sentosa reported S$2.69 billion in gross gaming revenue last year, while Las Vegas Sand's Marina Bay Sands managed $2.36 billion.
Singapore's casino regulator could not be reached for comment.