Genting Singapore still a cash cow, says chairman Lim Kok Thay

Kuala Lumpur

EVEN though Genting Singapore's earnings are slipping amid increasing competition, the casino operator remains highly profitable and a cash cow, its executive chairman, Lim Kok Thay, has asserted.

He said that bad debts, while on the uptrend, were under control, and indicated that the opening of a US$1.8 billion integrated resort on Jeju Island in South Korea next year would boost earnings.