Genting Singapore's 'J' factor lost in a glum narrative
The casino firm's unlucky streak could last a few more quarters before Jeju turns the table in its favour
THE woeful narrative on casino giant Genting Singapore, the operator of Resorts World Sentosa, is an old one. In fact, the story turned eight quarters old after it issued its first quarter to March results recently, in what was not deserving of a confetti-throwing, Prosecco-popping celebratory moment.
It should still make a wish and blow out the candles though, for the waning numbers of deep-pocketed Chinese high rollers and rising bad debt charges that have been troubling the firm since second-half 2014 to go away.
For now, these operational beefs linger as China's rich, spooked by Bei…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade