Genting Singapore’s
RWS casino chief Andrew MacDonald
OUT.
The group has listed the date of cessation as Nov 1.
Derryn Wong
Published Sun, Nov 3, 2024 · 06:20 PM

https://www.businesstimes.com.sg/companies-markets/genting-singapores-rws-casino-chief-andrew-macdonald-out

Calling @AngTayKor a clown is not correct just because you don't like him.
It takes a real clown to call someone a clown.

The Middle East situation is very fragile.
They may walk their talk to
RETURN VERY POWERFUL FIRE
else they will look weak with mere empty threat.

Genting Singapore Q3 results may have high chance of going to be disappointing again.

Marina Bay Sands (MBS) saw its
net revenue fall 9.5% to US$919 million for the third quarter ended September 2024, down from US$1 billion the previous year.
Adjusted property earnings before interest, taxes, depreciation and amortisation (Ebitda)
declined 17.3 per cent year on year to US$406 million from US$491 million.

@ATK, great sharing of stk trading & investment skills.
This can make a difference between winning or losing.

He is really a great, proven & smart trader

@ATK is definitely a savvy, skilful & smart head.
$$$ head.
Look, read & study his contract data.
He knows what, when & how much to buy.
He knows what, when & how much to sell.
Enjoying & laughing all the way to the bank.
His buy/sell records, results, rewards are $$$

@ATK is genuine and sincere.
You choose whether to think he's good.
I choose to think he's good.
He has proven to be more than good.
He is exceptional in knowing the stk mkt.
Simply put, he's good and kind.

Breaking news - ME today.
Leader killed.
Retaliation, counter retaliation, Repeat.
May escalate much more.
Global mks may really Rattle & Rum - U2.

Both Bimini & GB are WRONG.
Only have to decide who is MORE wrong.

Nxt wk may be more coverage of news.

i3 forumers first to get news today, Fri.
Nxt wk more ppl become aware.
Nxt wk many shareholders become aware.

More excitement to buy or panic to sell ?

This is only beginning of alleged case !

This alleged case may be filed in Miami a few days ago.

Do your homework to access the source of information.

This is breaking new news today.
It unfolds and unravels just today.

This one may become a big case.

May affect NYC's license bid &
May end up getting into Gaming Commission of Nevada
(even though outside Nevada jurisdiction) or
if there's any
Gaming Commission of Federal Govt, US.

May affect multiple fronts of its US businesses, especially license bid of NYC with this issue in
bad image & in litigation.

Wonder if would hit GB price down to 3.70+
with all the Bad, Negative, Terrible probable & possible consequences.

No offense intended to all GB shareholders.
But just when everything seems to be working,
GB group seems to come with new problems
Not small but big dilemma.
Then stk price affected & impacted.
Then how share price can grow gradually.

Prospective GB management
Aiyo better put @ATK, @Balian & @Choysun in to run it.
This ABC team can most likely perform better.
If can't make so much money but at least less dilemma, headaches & problems.

Current GB management
2 steps forward, 1.5 steps backwards !
Alamak to stk price !

Wah, typo error kah in keying in numbers ?
In accounting should check after keying in.
Make sure no typo errors & counter check.
Then how can submit numbers w/o checking.
Like that also can ah ?
Then how to know what numbers are correct ?
Then valuation, nta, stk price correct or not ?
Who knows maybe stk price over/under price ?
Like @ATK & @Balian say safety & measure correctly.
Otherwise end up wrong side - lose money.

GB and GM new news

It's almost forgone conclusion 1 will be removed and replaced by an established and renowned giant.

Barring an impossible resurgence, it is a guaranteed OUT for this 1 and a guaranteed IN for this other Giant Growing PLC.

Brace yourselves as once OUT, attractiveness of stk will be affected and foreign funds and institutional investors will have LESS interest in buying the stock.

It will also have an indirect impact on its main company's attractiveness to foreign funds and institutional investors and consequently and subsequently, its share price will also be affected and impacted negatively.

The cut-off date and execution - implementation date of removal from and inclusion into the Composite Index are fast approaching.

So don't be shocked and surprised if you see both stocks' prices declining and dropping.

Foreign investors increased their equity sell-off on Bursa Malaysia last week, reaching a net selling high of

RM1.1 billion,
the highest in 18 weeks.

They net sold every day last week,
and have been net selling for
10 consecutive trading days.

The most significant net selling occurred last Friday, with a total of RM321.8 million.

Without high foreign investment,
klci will drift and likely decline.

GB will not be spared either.
More likely, GB will wither.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

Absolute, wild turbulence if Trump wins as he's going all-out to tariff and tax all imports.
60% on all China imports.
20% on all imports including fr S.E.Asia.
No escape, no exceptions, no exit.
All countries affected.
All stk mkts affected.

US discusses possible
Israeli strikes
on Iran oil sites
as Israel presses Lebanon campaign
By Timour Azhari & Ari Rabinovitch / Reuters
04 Oct 2024, 07:50 am

War won't rattle here.
War rattles mkts.
GB up or down ?

Today klci big drop - 22 pts !
Do you expect GB to be up then !
Tmr recover, nxt faster recovery.

If you feel GB will fail, unload all GB.
If you feel GB will succeed, load up GB.
Simple as that.

Today's rout is due a very serious
dockers strike which costs US4B a day !
This is affecting loading & unloading as well as trans-shipment.
Will be resolved though.

Iran - Israel issue is a non-issue as Israel depends on full support from all allies.
Their wars have been raging forever with cease fires now and then.

××××××××××××××××××××××××××××××××
Fiercely attacking @AngTayKor.
False character assassination of ATK.
Forever posts wrong assumption-conclusion

XXXXXXX Michaelchan2024 XXXXXXX

@Michaelchan2024
why post and self delete so many of your posts ?
Posted false, incorrect, wrong conclusions.
Can't defend conclusions, so delete posts.

Genting Malaysia Bhd has
dropped
to 36th place in terms of market capitalisation recently.

If it maintains this position
by the cut-off date
for the upcoming review,
it will need to be

removed

from the index according to the established rules.

It may have a Direct impact in its share attractiveness and its share price may be
impacted.

Since Genting Bhd holds a majority stake in Genting Malaysia Bhd, consequently and subsequently,
Genting Bhd may also be affected and its share price may be

Impacted.

××××××××

Previous secured loans are fixed loans that are already in force at agreed fixed interest rates until due.

Therefore, there is no impact of any financial gains in term of reduced interest payments even with Fed lowering interest rates.

Only future loans that have yet to be agreed upon and signed may enjoy any financial gains from any possible interest rate reduction by the Fed.
An alternative of renegotiating existing terms and conditions favoring a lower interest rate of an existing loan is difficult.

Genting Malaysia Bhd’s (KL:GENM) subsidiaries have priced an additional US$100 million (RM427 million) of
7.25%
senior unsecured notes, due 2029.

Recently, two indirect wholly-owned units priced an offering of US$525 million of
7.25%
senior unsecured notes, also due 2029

https://theedgemalaysia.com/node/726971

Genting Malaysia units issue additional US$100m senior notes at
7.25%

KUALA LUMPUR (Sept 17): Two of Genting Malaysia Bhd’s (KL:GENM) subsidiaries, video lottery facility operator Genting New York LLC (Genny) and its unit Genny Capital Inc, have priced an additional US$100 million (RM427 million) of
7.25%
senior unsecured notes, due 2029.

This came after the two indirect wholly-owned units priced an offering of US$525 million of
7.25%
senior unsecured notes, also due 2029, last Tuesday.

"These additional notes form part of the same series as the initial US$525 million aggregate principal amount of notes that were priced on Sept 10, 2024 (initial notes) and the additional notes will carry the same terms as the initial notes," Genting Malaysia said in a bourse filing Tuesday.

Net proceeds from the additional corporate notes will be used to repay existing debts. “Approval in-principle has been received for the listing of the notes on the Singapore Exchange Securities Trading Ltd,” it said.

Post-issuance, Genting Malaysia’s gross borrowings is expected to increase to RM17.69 billion
from RM14.98 billion.
Net gearing is expected to increase to 1.04 times from 0.81 times.

S&P Global Ratings has assigned a BB+ (stable) rating to the notes, with Fitch Ratings Ltd opting for BBB- (negative).

Genting Malaysia said the additional notes have been offered and sold only to individuals reasonably believed to be qualified institutional buyers without having to register the notes based on the US Securities Act 1993's requirements for exemption from registration, and to certain non-US individuals in transactions outside the US.

"The notes have not been registered under the Securities Act or any state or other jurisdiction’s securities laws. Accordingly, the notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state or other jurisdiction’s securities laws," it said.

Aiyo this mm ah !
mm is the
REAL
TRUE
MAN MAN !!!

He is so envious & jealous of @ATK.
HE posts rubbish all the time, nonstop.

When he wants to buy at lower price,
He post non-stop GB bad, terrible, worst.

When he wants to sell at higher price,
He post non-stop GB good, better, best.

mm does this to influence others so that he hopes to buy lower or sell higher at YOUR EXPENSE if you follow mm !

Wah, mm is trying to
CHEAT,
FOOL,
INFLUENCE,
MAKE SUCKERS OUT OF,
SCAM &
TRICK ... YOU !!!

Be careful & be cautious of mm !

The one who benefits the
Greatest, Highest & Most
is boss who owns the most shares with
HIGHEST salary !
His father, then him, nxt his son ...
He controls & knows everything abt his co.
Price drop is nothing to him
as he can wait ...

I can say @AngTayKor cares & shares.
A real true expert.
A sincere man.

@AngTayKor, this guy is definitely not a sifu.

You beat this fella & ada... even without trying.

These fellas dish out youtube videos to make money.

May want to lure people to watch their youtube videos so that they can get paid by youtube, advertisers, sponsors, etc.

May want to suck money out of you by luring you to enrol in their stock training program.

Agree with @AngTayKor.
While it offers potential to keep expanding and opening IR/casinos in Thailand and UAE, the big, enormous and large debts incurred in putting together these new projects - Thailand & UAE & more in the horizon will pile uP their debt even bigger, deeper and further.
They have to resort to external funding with Large Loans as internal funding is insufficient.
This will jack uP gearing ratio as well as take on higher risks.
Risks become and get Riskier

Remember, like RWLV, early years of new casino less business and higher expenses, etc. leading to more losses.

Will repeat itself with Thailand and UAE.

Share price may not rise as expected, and may even decline and drop as it is inundated with so many huge existing loans and huge new loans to cover and service.

If some negative external or internal events occur such as weather - storms, geopolitical, regulatory processes, financial or economic downturn or health/pandemic, share holders may bear the full brunt of price falling low.

Good move for Thailand to expand its tourism mkt.
Finalize govt plan for 5 IR/casinos: 1+ yrs,
Invite, process, analyze, select, approve: 1+ yrs,
Build, construct, complete, open: 3 yrs.
Target launch open earliest 2031 CNY.
Winning bids news late 2026 - early 2027.
A long wait for rumors to spike uP GB price
Don't forget must borrow RM10+B to fund it.

Very quiet during labor day weekend but with more events lined-up towards year end and approaching Christmas and New Year celebratory, festivity and holiday seasons, footfall and traffic will spike uP. More people coming, more sales, more revenue, more profits.

This tactic works well for off peak hours, off peak days and off peak season.

But it does not bode well for Annual Pass holders and the management.

Annual Pass holders want access any time, especially during peak hours and peak days.
Management wants more revenue, especially during peak hours and peak days.

This runs counter intuitive to their goals of earning more and maximizing revenue.

Over burdened and over crowded minimizes effectiveness and efficiency.

I agree with @Balian de Ibelin that this may not be good, effective marketing.
At best, it is a short-term, promotional & PR campaign.

This promotion is to attract people to enrol for Annual Pass of RM 280.

Initially, this may secure more revenue with high enrolment of Annual Pass.
Later, with more visitors descending on Skyworlds during peak hours and peak days, the place will be overcrowded.
Then, Annual Pass holders will be disappointed as they can't access the rides. Their disappointment will lead to anger & bitterness. Bad comments and feedback will follow. Bad image and reputation to G Skyworlds will arise. Both Annual Pass enrolment and its revenue increase will taper off as a consequence.

Annual pass is so so only.
As it's far away, you won't be going there every other weekend.
RM 280 pass ticket unlimited access to G Skyworlds.

A lot of Terms & Conditions.
NO Guarantee access to all rides, etc.

First come first serve.
Only 3 free Virtual Queue reservations.

This may not work well for Annual Pass holders during peak hours and peak days as massive crowds would result in very long queues.

China today
Now, the property sector is in crisis. Developers collapsed, leaving behind huge debts, a trail of failed investments, unsold apartments and lost jobs.

Foreign firms that once rushed into China to catch a rising tide are now retrenching.

But the debt from that borrowing has ballooned to more than $7 trillion

Real estate prices continue to plunge, and Chinese stocks are underperforming compared with those in just about every other major country.

Foreign funds have turned into net sellers of Chinese equities in 2024, which would be the first annual outflow since the data became available a decade earlier. Shares of around 180 Chinese companies have been removed from a critical stock market index since the start of the year.

A record-setting surge in exports is fueling China’s economic growth. But the glut of supply is also undermining the profitability of high-tech manufacturing industries that China had hoped would soften the blow of its painful shift from real-estate-led growth, while drawing a backlash from major trading partners.

For its part, China has downplayed economic concerns.

For a vast number of young people, there are not enough jobs.

Success or storm is no issue.
@ATK can survive and succeed come what may.
If stormy, long-term investors can wait few years.

Biogen reported that

about 2,500 people worldwide
are taking the intravenous drug
Aduhelm.

@Peaches, as long as they don't attack @AngTayKor & @eagleye, we will not retaliate.
Those who respect us, we respect vice-versa.
Better still all don't post for example -
6 mths if they can handle it.

@Peaches, this applies to all, to me, to you & to him as well.
So, you should direct this to everyone and not just me unless you select to direct it to me only.
I appreciate your comment though.

@Peaches L, he has been attacking @AngTayKor non-stop and me, some.

When he's disrespectful of @AngTayKor and me with his disparaging remarks,
naturally both @AngTayKor and myself reply and respond.

If he attacks you Peaches L,
you mean you are so gullible that you will just let him stomp on you.
Naturally you will react.
Nobody should disrespect others in this forum with their posts.

Read his posts and you will know whether he respects others in what he said in his posts.

He befriends and praises those who agrees and supports him even though he may not be right with his posts.

I think you may be fairer and have better ethics and morals than that,
am I not correct ?

The statements by

Balian de Ibelin,
Johnchew123,
AngTayKor

are 100% CORRECT.

TRUTH is what we need to share.

Just bcos you buy the share does not mean you should cheer & champion the share 24/7/365 non-stop with up to 30 posts a day everyday with all kinds of fake and false info hoping that forumers and shareholders will be so gullible to just accept whatever you posts.
By doing this, you are attempting to mislead others into thinking the situation is positive.

The aim, intention and motive is to sway people into buying GB to support your purchase with the ultimate goal of hoping more buyers will create a greater demand pushing the price up so that you can sell/dispose/dump it to these naive/newbie and unsuspecting buyers.

Is this a noble motive to scam and cheat others to buy while you dump GB shares.

Next
With GB results out, no need to post
l o n g post to cover up and conceal what others have posted to reveal the real results of Q2 which is negative - less than expected.

Be genuine, honest and sincere.
Everybody appreciates it.

@StakesAreHigh, agreed.
However, this guy likes to attack others all the time while he dislikes and disparages them when they reply and respond to his attacks.

So, StakesAreHigh, would you reply and respond in defence when you are being attacked for no justifiable reasons.

Summary,
He wants to ATTACK OTHERS all the time.
He wants to CONTROL OTHERS all the time.
He wants to FIGHT all the time.
He wants to be RIGHT all the time.
He wants to WIN all the time.

So, if he attacks you in his posts, do you just lie down and let him stamp on you ?

Money Makers, you are the A'HOLE.

SCAREMONGER to people to sell so you can scam them to LOSE money in order for you to BUY LOWER.

But your IQ does not allow to think smart as

NO MATTER WHAT BULL SH!T
YOU SHOUT & SPEW,
NO ONE LISTENS & FOLLOWS YOU.

YOU POST IN THIS FORUM TO
MAKE SUCKERS OF OTHERS BY SCARING THEM TO SELL SO THAT
YOU CAN BUY LOWER.

IT WONT WORK AS POSTS IN THIS FORUM WOULD NOT MOVE THE PRICE AT ALL.

@AngTayKor, you are at expert level.
No point rebutting & refuting elementary level.

MikeCYC - chasing after you Money Makers until coming into GenB forum.

How good can you be ah, Money Makers ?