The potential passing of gaming legislation in Japan. We note that Japan Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP)-led ruling coalition now commands an overall majority across both upper and lower houses of the parliament following its landslide election victory in July this year.
Subsequently in August, three pro-casino officials ie Toshihiro Nikai, Hiroyuki Hosoda and Toshimitsu Motegi were promoted to top spots during the internal reshuffling of the LDP. The trio has recently confirmed their intention to have the gaming bill passed during the current parliamentary session, which ends on 30 Nov 2016.
This, coupled with the recent decision by the LDP to extend the maximum tenure of its president to nine years (from six years) – which would then grant Shinzo Abe a chance at a third term come Sep 2018 – could finally pave the way for the passing of the Integrated Resorts Promotion Bill.
RGB is well-positioned to benefit from the increasing liberalization of casinos and gaming clubs in emerging Asian countries, such as the Philippines, Cambodia, Laos, Nepal, Korea JI and Timor Leste and coming, Japan.
On its proposed Resorts World Jeju development, Genting would formally file for the application for casino license in 1Q17. The official opening of the casino will take place in mid-2018.
RGB have to start production of machine in early 2017?
no worry sell more we buy more as uptrend still on ...will 0.60 in 2018....as director say...we full support RGB...Yeah....!!!!the highest seller also the highest buyer now....
haha... there is only one way the director can "predict" the share price to be 0.60 in 2018... that is they goreng the share up with their own money... but, are they willing to borrow so much money to goreng this share? another explanation is - this director is another GOD who can see future... haha... laugh die me... director simply said only, you trust 100%?
Relax weechin53, actually the show not started yet. They are building up a new support base. Until all the profit taking is done, then RGB will move on to the next level. So far so good.
Support base meaning very few ppl unloading at this price. Yesterday about 45m unloading at 24.5s , today about 49m unloading at 25s. Now ppl are eating up because the 25 breakaway is done. Tomorrow, we will see that RGB show going to start . Lets hope for the best. Go yum cha . Relax, stay HAPPY. The unloading should be done in between trading. This is good and healthy for RGB.
Easy, Jmin Lim, just monitor the stock and use mental calculation. You must be fast with numbers. Tomorrow, this RGB will begin its journey North, hopefully.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
excelyou
1,255 posts
Posted by excelyou > 2016-11-15 10:26 | Report Abuse
RHB Research - Japan
The potential passing of gaming legislation in Japan. We note that Japan Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP)-led ruling coalition now commands an overall majority across both upper and lower houses of the parliament following its landslide election victory in July this year.
Subsequently in August, three pro-casino officials ie Toshihiro Nikai, Hiroyuki Hosoda and Toshimitsu Motegi were promoted to top spots during the internal reshuffling of the LDP. The trio has recently confirmed their intention to have the gaming bill passed during the current parliamentary session, which ends on 30 Nov 2016.
This, coupled with the recent decision by the LDP to extend the maximum tenure of its president to nine years (from six years) – which would then grant Shinzo Abe a chance at a third term come Sep 2018 – could finally pave the way for the passing of the Integrated Resorts Promotion Bill.
RGB is well-positioned to benefit from the increasing liberalization of casinos and gaming clubs in emerging Asian countries, such as the Philippines, Cambodia, Laos, Nepal, Korea JI and Timor Leste and coming, Japan.