Genting Singapore’s financials are looking up; why is it still losing ground to Marina Bay Sands?
Both casino operators are forking out billions on upgrades, raising the stakes for Resorts World Sentosa
[SINGAPORE] Genting Singapore’s latest quarterly earnings in August surprised on the upside. But when compared with the other casino operator in the city-state, Marina Bay Sands (MBS), it continues to hold a smaller – and possibly shrinking – slice of the gaming pie.
Can Genting Singapore escape MBS’ shadow as both make big bets on multi-billion dollar upgrades?
Comparing Singapore’s two integrated resort (IR) players, DBS research analyst Chee Zheng Feng pointed out that Genting Singapore arguably delivered the stronger second quarter showing relative to expectations.
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