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INTEGRATED RESORTS

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

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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.

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...

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