Genting has a tough act to follow in IR 2.0
GROW bigger and you won't have to face new competitors until 2030 at the earliest.
That sums up the challenge put before the casino duopoly by Singapore's planners.
So Resorts World Sentosa (RWS) and Marina Bay Sands (MBS) have each agreed to invest S$4.5 billion more in their integrated resorts (IRs) here over the next five years.
But the sheer scale of the upgrade took some stock watchers by surprise. As pundits contemplate the level of underlying demand to soak up the new capacity, the market seems to have picked a winner.
Citi Research analysts expect MBS to steal more market share from RWS once its…
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