For the casino industry, assessing a good capital structure involves industry-specific criteria along with general financial metrics. Here’s how to tailor the criteria:

1) Debt-to-Equity Ratio:
-Ideal Range: Typically between 1.0 and 2.0. The casino industry often operates with higher leverage due to large capital expenditures and investments in infrastructure.

2) Interest Coverage Ratio:
-Ideal Value: Generally above 2.0. Casinos with significant debt should have sufficient earnings to cover interest expenses, given their high capital costs and fluctuating revenues.

3) Leverage Ratios:
-Debt-to-Assets Ratio: Usually between 0.5 and 0.7. Casinos often have high asset bases with substantial debt due to property and facility investments.
-Debt-to-Capital Ratio: Typically between 0.4 and 0.6. This reflects the proportion of debt in the company's total capital, considering the capital-intensive nature of the industry.

4) Cost of Capital:
-WACC (Weighted Average Cost of Capital): Should be managed to balance debt and equity costs. Casinos should aim for a WACC that supports their return on investment, factoring in their high capital expenditure needs.

5) Financial Flexibility:
-Access to Capital: Ability to secure funding for new projects, renovations, or expansions. Casinos need to maintain good relationships with lenders and investors due to the capital-intensive nature of their operations.

6)Liquidity:
-Current Ratio: Generally above 1.0, but may vary depending on the operational scale and investment cycle. This ensures the ability to cover short-term obligations.

-Quick Ratio: A ratio above 1.0 is preferable to account for the high-value cash flows typical in the casino industry.

7) Revenue Stability:
-Volatility Consideration: Casinos should have a strategy to manage revenue fluctuations due to economic cycles, seasonality, and competition. Financial stability can be assessed by looking at historical revenue trends and profitability.

8) Capital Expenditure (CapEx) Efficiency:
-CapEx-to-Revenue Ratio: Evaluates how effectively a casino uses capital expenditures to generate revenue. High CapEx efficiency indicates good management of investment in facilities and amenities.

These criteria will help assess a casino’s capital structure, accounting for the unique financial dynamics and operational needs of the industry.

1 SGD = 3.29 MYR... 3.10 mari mari!
1 USD = 4.30 MYR

Be prepared for a potential drop to 3.50. You can either brace for a market correction or take a break...your choice.

Whether it's referred to as profit attributable to the group level or equity holders of the company doesn't matter to long term investors. Just make sure to have the buying trolley cart ready for tomorrow or next week.

Oops, didn’t realize the info was too much 😁. Just saving it for my own records. Hope it’s not too distracting!

Haha, it looks like sSimplWallStreet has gone full cheerleader mode for Genting Berhad this time.

Is it time to consider buying Genting Berhad (KLSE)?
Those interested can Google this article..

In summary, Genting Berhad's lower PE ratio compared to the industry and its stable share price suggest that it might be undervalued and a good buying opportunity for investors looking for a relatively stable stock with growth potential.

Genting Berhad not only appears undervalued based on its current price, but its strong growth prospects make it an even more attractive investment. The anticipated profit growth and resulting higher cash flows could drive up the share price, offering potential gains for investors.

while Genting Berhad's low PE ratio and strong profit outlook suggest a good buying opportunity, investors should also take into account other elements like capital structure to make a well-informed decision.

It’s always refreshing to see Pinky's positivity!! RM496 million net profit in 2Q24 looks solid. GenB, keep it up!

Ah.., so the secret to dropping share prices is... buying more??

Over the past decade, Genting Group has mainly invested in land and casinos in the U.S., similar to its approach in other industrial stocks. These investments help diversify its portfolio and boost market presence. While Genting’s main business is in casinos and entertainment, the land investments aim for long-term growth and stable returns. However, the increase in land value doesn't directly impact the stock price.

https://www.businesstimes.com.sg/opinion-features/how-fed-will-help-singapore-reits-outshine-banks?close=true
How the Fed will help Singapore Reits outshine banks

In the past 2 years, the share price of Genting has moved in tandem with the reits sector. With the Fed Cutting interest rates in Sept 2024, hooray! Genting is expected to outperform the banks.

Is it a snake oil scam?? You decide..

Wishful thinking, I know.. but who doesn't enjoy a little festive daydreaming??

Come Q4, expect to have a mysterious Christmas present for the year-end party. Why hesitate? Load now so we can celebrate the year-end party together!!! 🥳

If q2 2024 doesn't show any forex gain, then no worries...we can always count on q3 to be the quarter overflowing with forex gains ..

Given the current exchange rates.., with1 USD = 4.31 MYR, there might be potential for forex gains.

If q2 2024 doesn't show any forex gain, then no worries...we can always count on q3 to be the quarter overflowing with forex gains ..

Given the current exchange rates.., with
1 SGD = 3.31 MYR and
1 USD = 4.31 MYR
there might be potential for forex gains.

Miami land:
Genting Malaysia's Miami land investment is a significant asset in the U.S., acquired in 2011 for around USD 236 million. The 30-acre property, located along Biscayne Bay in downtown Miami, was originally intended for a large integrated resort, including a casino. However, regulatory challenges have prevented casino development.

Genting has kept the land due to its strategic value and rising real estate prices in Miami. The property's value has increased significantly, with estimates suggesting it could be worth around USD 1 billion. While casino development is uncertain, Genting may explore other options like residential or commercial projects. The Miami land remains a key financial asset for Genting, offering flexibility for future plans.

Resorts World New York City is a major property in Queens, New York, covering 67 acres on the Aqueduct Racetrack grounds. It features 400,000 square feet of gaming space with over 6,500 video lottery terminals (VLTs) and electronic table games. The site includes a 400 room hotel opened in 2021, multiple dining and entertainment options, and parking for over 7,000 vehicles. Its proximity to JFK Airport and access to public transportation enhance its appeal as a key entertainment destination in New York City.

Empire Resorts manages several key assets in the gaming and entertainment industry.

These assets include:
1. Resorts World Catskills
-Location: Catskills, New York.
-Description: A premier casino and entertainment complex.
-Features:
- 150 table games.
- Over 1,600 slot machines.
- A poker room and sportsbook.
A luxury hotel with more than 330 rooms.
- Multiple dining options, a spa, and event spaces.
-Land Size: Approximately 1,700 acres.

2. Monticello Raceway
-Location: Monticello, New York.
-Description: A harness racing track with additional gaming facilities.
-Features:
- A harness racing track with a grandstand and paddock area.
- Video Lottery Terminals (VLTs).
- Dining and other amenities.
-Land Size: Located on a 230-acre site.

3. Additional Land Holdings
-Location: Surrounding areas in the Catskills region, New York.
-Description: Undeveloped land with potential for future growth and development.
-Purpose: Potential expansion of existing facilities or development of new attractions to enhance the resort's offerings.

These assets position Empire Resorts as a significant entity in the gaming and hospitality sectors, with strong potential for future expansion and development.

In conclusion, the substantial investments in Resorts World New York City and the strategic acquisition of Empire Resorts clearly indicate that our invested company, Resorts World Genting, is on a path of growth and expansion. These developments, coupled with increased ownership, give us confidence in the company's future prospects. We are optimistic that Resorts World Genting will continue to strengthen its market position and deliver long-term value, setting the stage for sustained success. 😀😁

Summary
From 2019 to 2022, Genting Malaysia increased its stake in Empire Resorts through:

1) Initial Acquisition: USD 128.6 million for a 49% stake.
2) Debt Conversion: Approximately USD 200 million in early 2020.
3) Equity Injection: USD 100 million in mid to late 2020.
4) Share Purchases: USD 75 million in 2021.
5) Loan Facility: USD 50 million in late 2021.
6) Final RPTs: USD 100 million in 2022.

These transactions led to Genting Malaysia owning about 90% of Empire Resorts with a total investment of USD 653.6 million.

Development of Resorts World Catskills (Pre-Acquisition)
Resorts World Catskills was a project initiated by Empire Resorts before Genting Malaysia acquired the company. The $1.2 billion casino and entertainment complex opened in February 2018, located in the Catskills region of New York. At the time, Empire Resorts was managing the development and operations of Resorts World Catskills independently.

Financial Challenges and Acquisition (2019)
By 2019, despite its grand opening, Resorts World Catskills was struggling financially. The revenues were lower than expected, and the casino was facing significant operational losses. These financial difficulties put pressure on Empire Resorts, making it difficult for the company to sustain the operations and debt associated with such a large-scale project.

It was during this period of financial distress that Genting Malaysia stepped in. Seeing the long-term potential of Resorts World Catskills and the strategic value of expanding its footprint in the U.S. market, Genting Malaysia, along with Kien Huat Realty III (its controlling shareholder), initiated the process to acquire Empire Resorts.

Genting Malaysia's Acquisition (2019)
In 2019, Genting Malaysia acquired a 49% stake in Empire Resorts, while Kien Huat Realty III held the remaining 51%. This acquisition was part of a plan to take Empire Resorts private, allowing Genting to manage and potentially turn around the struggling operation.

Summary
2018: Resorts World Catskills was developed and opened by Empire Resorts, prior to Genting Malaysia’s involvement.
2019: Genting Malaysia acquired a significant stake in Empire Resorts, after the casino had opened but was facing financial challenges.

Thus, while the development and opening of Resorts World Catskills occurred before Genting Malaysia's acquisition, the acquisition was a response to the financial struggles that Empire Resorts faced after launching this ambitious project.

Next, Empire Resorts..

In addition to the major projects mentioned, Resorts World Genting has also undertaken other significant developments:

1) Genting Skyway (Reopened 2016): The upgrade and reopening of the Genting Skyway involved an estimated investment of RM 400 million. This included the cost of new cabins, improved systems, and infrastructure enhancements.

2) Awana Skyway (2016): The Awana Skyway project cost approximately RM 900 million. This modern cable car system replaced the older one and featured new cabins and upgraded facilities.

3) The VOID (2018): The introduction of The VOID at SkyAvenue Mall involved an investment of around RM 10 million. This immersive virtual reality experience aimed to enhance the resort's entertainment options.

4) Genting Premium Outlets (2018): The development of Genting Premium Outlets required an investment of approximately RM 400 million. This included the construction of the outlet mall and the integration of various retail outlets.

5) Enhanced Digital and Connectivity Infrastructure: Investments in digital infrastructure and connectivity improvements across the resort have varied in cost but are estimated to be in the range of RM 50 million to RM 100 million, reflecting ongoing upgrades to enhance guest experiences and operational efficiency.

These investments demonstrate Resorts World Genting's commitment to expanding and modernizing its facilities to maintain its competitive edge and appeal to a diverse range of visitors.

Resorts World Genting
Over the past decade, Resorts World Genting has seen substantial investments to expand and upgrade its offerings. Here are the notable projects and their investment costs:

1) SkyAvenue Mall (2016): The development of SkyAvenue Mall involved an investment of approximately RM 1.8 billion. This included the cost of constructing the mall, integrating retail spaces, dining options, and entertainment facilities.

2) Genting SkyWorlds Theme Park (2022): The theme park, which began development in 2014 and opened in 2022, saw a total investment of about RM 2 billion. This included the cost of building the park, developing various themed zones, and installing attractions and rides.

3) Genting Grand Hotel Renovation (2020-2021): The renovation of the Genting Grand Hotel was part of a larger effort to upgrade the resort’s luxury offerings. This project involved an investment of around RM 100 million.

4) Highlands Hotel Revamp (2020-2021): The revamp of the Highlands Hotel also required significant investment, estimated at RM 200 million, to modernize its facilities and improve guest experience.

5) Resorts World Genting Integrated Resort Development: Ongoing and future developments, including infrastructure improvements and additional investments, are part of a broader strategy to sustain and enhance the resort’s offerings. This involves continued investments in sustainability, new attractions, and infrastructure.

The combined investment over the past decade reflects Resorts World Genting's commitment to expanding its facilities, modernizing its infrastructure, and maintaining its position as a leading integrated resort in the region.

Upcoming Casino Licenses:
Three New Licenses: New York State will issue three casino licenses for the downstate region, including New York City. These licenses will allow operators to offer traditional table games like blackjack and roulette.

Competition:
Other Bidders: Major gaming operators like Las Vegas Sands, MGM Resorts, and Wynn Resorts are also competing for the licenses.

Likelihood: Genting Malaysia has a strong chance of winning a license due to its existing operations and experience, though it will face tough competition.

History of Resorts World New York City

Resorts World New York City (RWNYC) is a prominent casino and entertainment complex located in Queens, New York. It is the only casino within New York City's five boroughs and is situated at Aqueduct Racetrack, a historic horse racing venue.

Early History
Aqueduct Racetrack: The story of RWNYC begins with the Aqueduct Racetrack, which has been a staple of New York City's horse racing scene since its opening in 1894. Over the years, the racetrack underwent various renovations and developments, but by the late 20th century, it faced financial difficulties, leading to discussions about introducing alternative forms of gambling to boost revenue.

Development of Resorts World New York City
Legalization of Racinos: In the early 2000s, New York State legalized the development of racinos—racetracks with video lottery terminals (VLTs), which are similar to slot machines. This move was aimed at revitalizing struggling racetracks like Aqueduct.

Genting Group: The Malaysian conglomerate Genting Group, known for its global casino and resort operations, won the bid to develop a casino at Aqueduct. The project was part of a larger effort to bring more tourism and economic activity to the area.

Opening: RWNYC officially opened on October 28, 2011. Initially, it featured only VLTs and electronic table games, as New York State had not yet legalized full-scale table games.

Growth and Expansion
Continued Expansion: Over the years, RWNYC expanded its offerings, adding more gaming machines, restaurants, and entertainment options. It became one of the most profitable racinos in the United States due to its location in New York City, which has a large population and significant tourist traffic.

Full Casino License: In 2013, New York voters approved a constitutional amendment to allow full-fledged casinos in the state. However, RWNYC continued to operate primarily as a racino until further developments.

Hotel and Additional Amenities: In 2021, RWNYC expanded further with the opening of a new hotel and other amenities, making it a more comprehensive entertainment destination. This expansion aimed to attract more visitors and enhance the overall experience for guests.

Current Status
Resorts World New York City Today: RWNYC remains a significant player in the New York gaming and entertainment market. It continues to draw a large number of visitors annually, contributing to both local employment and state tax revenues. The facility's proximity to John F. Kennedy International Airport also makes it accessible to international tourists.

RWNYC has played a key role in Genting's North American operations, and there has been ongoing speculation about potential expansions or further developments, particularly in the context of New York State's evolving gaming landscape.

https://www.thestar.com.my/business/business-news/2024/08/28/ringgit-no-longer-undervalued-may-hit-rm425-by-year-end-economist
Ringgit no longer undervalued, may hit RM4.25 by year-end: Economist

I aspire to achieve investment success like Choysun

Analysts net debt forecast for GenB:

2023 15,000 million MYR
2024 13,157 million MYR
2025 11,072 million MYR
2026 8,978 million MYR

It is likely that Resorts World Las Vegas will start making a profit in 2026.




I’m not offering buy or sell advice. Your financial decisions are entirely your responsibility.

If tomorrow’s magic wand doesn’t work, we might see a '4.20 Flash Sale' on Friday.😁 Bargain hunters, get your shopping carts ready!!

Ho ho ho, let's make a prediction: will Genting break 4.50 tomorrow or will it throw a party for the pessimists at 4.20? 😁

Ah, the classic stock forum duel: where bullish enthusiasm meets bearish skepticism in a battle of epic proportions. It’s the battle between positivity and negativity..

Analysts net debt forecast for GenB:

2023 15,000 million MYR
2024 13,157 million MYR
2025 11,072 million MYR
2026 8,978 million MYR

Aha, Resorts World Las Vegas will be making profits from ..2026?

Resorts World Las Vegas opened on June 24, 2021. It was originally planned to open in 2016 but faced delays due to design changes and construction issues. The COVID-19 pandemic also caused further delays by disrupting construction and supply chains.

Construction started in May 2015 but was slowed by design revisions, leading to a pause in work from 2016 to 2017. Work resumed in late 2017 and 2018, ultimately leading to the resort's completion in 2021.

The project was primarily funded by Genting Group, which used both its own resources and external financing. In 2018, Genting secured a $1.6 billion loan from U.S. banks like JPMorgan Chase and Bank of America for the construction. No additional large-scale loans specifically for the project were reported after that.

The cost to build Resorts World Las Vegas was about $4.3 billion USD. The typical cost recovery period for such projects is 5 to 10 years, but if the resort performs exceptionally well, it might recover costs in as little as 3 to 5 years. Success hinges on robust revenue generation and effective management.

Funny how some folks are so 'sympathetic'...maybe they’re just practicing their scammer skills in disguise!

ATK, go and review the Personal Data Protection Act. You’re breaking the law.

Excellent!

Great, it seems GenB's price is being well supported!!

ATK, a non-Genting investor, frequently reuses others' posts and outdated content for criticism. This behavior could be driven by:

1) ATK might struggle to come up with new ideas, relying instead on recycling others' viewpoints to stay involved without offering fresh insights.
2) By repeatedly bringing up past posts, ATK might be trying to derail ongoing conversations and stir up old conflicts. This tactic could be aimed at keeping forum members divided or distracted..
3) ATK may see maintaining a level of controversy as essential for his presence in the forum. By using old content to attack others, he keeps himself in the spotlight, even if it means promoting negativity.
4) Although not illegal, using recycled content to criticize and bully others is unethical and potentially violates forum rules..


You.. stop this.

@Balian, eaactly, different strategies at play! We’ll stick to our plan and let Genting take its course while he continues his bullying.

Bye.

I have repeatedly reminded him to stop this online bullying but he continues with this arrogant behaviour!

I’m puzzled why someone who’s a multi-millionaire acts like this and why others still see him as an expert...

Haha, he's acting like a gang of street fighters, setting up multiple online accounts just to harass and intimidate others, as if he’s trying to dominate the conversation through sheer force. 🤣😂

Haha, he's acting like a gang of street fighters, setting up multiple online accounts just to harass and intimidate others, as if he’s trying to dominate the conversation through sheer force. 🤣😂

Ah, so it's a Genting only zone? Not the 4.50 zone? 😁🤣
Poor TauRx investors, left out in the cold.

Where are the TauRx supporters? Be cautious, the scam could be closer than you think!!

Huh! ATK is a TauRx investor?? How? Sibei jialat!!

Don't disappoint the TauRx supporters lei.