Good move to close old casinos! Really, why was it not done earlier? Always chasing the game…quite obvious hoards of Chinese tourists have not materialised and further more those that have come are not going to casinos old or new. Makes you wonder how this business is being managed …had so much time during CV19 to review business model and strategy ….! Let’s see …the creating accounting n7menrs when they are presented nobody knows when..not even publised in their web site…these are annual results important ones and here were assuming that will be Thursday/ Friday. So unprofessional when you compare to modern businesses.
Be careful! KLCI index today stated a bad indicator, bearish engulfing candle at the ceiling of uptrend channel. If KLCI index can not corrected tomorrow, big correction to 1530 coming as US market is waiting for it PCE reading
@neohts Full financial year not as good as previous financial year, hence dividend lower. One final round of washing tomorrow before GenM's results, should be good. :)
The casino is very old and due for renovation long time already, anyone have doubt must be newbie and never play at genting casino, they always do renovation from time to time.
Genting P also poor full year results like Sing! What are these guys doing when all other business are recovering Genting is all over over the place. Let’s see tomorrow what holds …
Official Notice of Clarification Date: 28th February 2024
Dear valued Guests,
We refer to the recent media articles regarding the closure of Genting Casino.
In our ongoing effort to improve our operational efficiency and enhance the gaming and entertainment experience for our guests, we continuously upgrade our facilities. This will involve temporarily closing certain sections of our casino to facilitate the improvements.
Our gaming operations continue to operate as usual.
Based on total Q1 to Q3 2023 results. I think total year 2023 profit should be higher than 2022. Q4 2023 maybe lower than Q3 20238 but still showing profit.
Posted by Riaz1954 > 16 hours ago | Report Abuse Genting P also poor full year results like Sing! What are these guys doing when all other business are recovering Genting is all over over the place. Let’s see tomorrow what holds … ------------------
The market has spoken. GenP price is dropping on a stable KLCI day.
Short sellers are in a vulnerable position..shorted happily in the morning, now seeing the price recover and getting left out, or worse.. being on the menu to be swallowed by the bankers
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....
MG9231
815 posts
Posted by MG9231 > 2024-02-28 10:46 | Report Abuse
Good move, if not many gamblers , then can save a substantial sum of casino tables n slot machines tax