Genting Singapore expected to stand firm amid regional casino competition
The integrated resort operator posted positive earnings growth for Q1 following tourism boost, mirroring peer Marina Bay Sands
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PLANS are afoot for new casinos to open in South-east Asia, but analysts say Singapore-listed casino and integrated resort (IR) operator Genting Singapore is unlikely to be badly hit by the increased competition.
They note that the group has consistently booked healthy gaming and non-gaming revenue, and that Singapore’s tourism industry has been robust.
But competition among casinos in the region is expected to intensify, as countries mull plans to beef up their gaming segments; gaming plays in Thailand are likely to emerge as the main competitor to Singapore casinos.
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