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

FALLING SHORT: For the first quarter to end March, the company's core profit of S$66 million came in below consensus and accounted for only 17 per cent of full-year estimates.

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