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Short-term pain, long-term gain for Genting Singapore: analysts

Counter falls S$0.10, or 9.4 per cent, to close at S$0.97 after heavy selling

Published Thu, Apr 4, 2019 · 09:50 PM

Singapore

ANALYSTS agreed that the casino entry levy implemented on Thursday, higher casino tax rates from March 2022, and the S$4.5 billion reinvestment plan for Resorts World Sentosa (RWS) will result in a short-term hit to earnings for Genting Singapore.

That said, they are generally positive that in the long term, the levies could curb problem gambling, and the investment to ramp up facilities and attractions at RWS will bear fruit.

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