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Those who shorted wish me luck that tomorrow I go RWS casino win BIG BIG say...$50 mil....too little? So next week the price will come down faster...
Bugis Street FuLuSo
E-war ( Date: 20-Aug-2010 18:35) Posted:
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Where to get those dice? May help me make more $. lol.
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iPunter ( Date: 20-Aug-2010 17:16) Posted:
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Don't just stay at the sidelines,
and then anyhow 'hantam' and buy when the going gets hot.
Start doing your chart homework and be ready to get in at the best point...
In other words, be prepared to act when the time comes...
Very tempted to buy a few lots at 1.50 but I stopped myself. It looks like a consolidation pattern but no idea how long this pattern will last. Better to stay at sidelines for now.
pharoah88 ( Date: 20-Aug-2010 17:01) Posted:
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SENSE ?
sOmethIng vIbratIng durIng thIs week end ?
GAP UP
neXt mOnday ?
GENTING MACAU ?
pharoah88 ( Date: 20-Aug-2010 14:00) Posted:
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Wow, well said !
iPunter ( Date: 20-Aug-2010 14:24) Posted:
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I'm going to eat steak tonight...well done pls.
After dropping 4-5c from the previous day (1.55),
rising from the low 0f 1.48 to 1.51 today
is not bull by any stretch of the imagination...
Only the trend is the sole determinant of bull/bear dominance...
The bulls are winning the tussle. Expected closing price today is at 1.50 or above. Not a call to buy though, but BBs will be accumulating at such a good price.
Friday, 13 August 2010
Will Genting Singapore (GENS), the unit that holds Genting's interest in Resorts World Sentosa (RWS), do a secondary share issue soon, as rumoured in Singapore's financial markets?
And could such a secondary share issue be done in Hong Kong rather than on the Singapore bourse?
The assumption behind those questions is that any share issue by GENS would be based upon the asset of RWS. That assumption may be erroneous, as we've seen already with Wynn Macau's listing in Hong Kong, where the bulk of the cash supported the core operation in Las Vegas.
In GEN's case The Genting parent already has investments in other parts of Asia, namely via Star Cruises (Genting Hong Kong) and a 50 percent joint venture holding by Star Cruises in a casino operation at Resorts World Manila in the Philippines.
Why shouldn't Genting take the strategy one step further and get its Singapore unit to invest in assets in another major neighbouring market such as Macau? GENS has had a Hong Kong investment company set up and ready to go since July last year.
That month Genting International PLC (now GENS) announced that it had incorporated Genting Singapore (HK) Limited (GSHK) as its new wholly owned subsidiary in Hong Kong. The principal activities of GSHK were listed at that time as investment, marketing and promotion.
So what would be the point of GENS raising money in Hong Kong? One possibility is that cash raised in Hong Kong by the GENS subsidiary could be used to buy direct stakes in Macau casino operators. Investment in Macau would make sense because of the regional and cultural fit. It certainly makes more sense than GENS having holdings in UK casinos–an historical anomaly and an investment recently sold to the Genting parent.
In theory anyone investing in this GENS Hong Kong vehicle would also gain exposure to RWS in Singapore, and that takes us back to the dilution issue. If RWS investors had wanted exposure to other markets, they would have put their money into the Malaysian parent Genting Group, not into GENS, goes the thinking.
Concern about dilution of existing shareholders was given as one reason why GENS' share price fell 3.1% at the beginning of August. The movement was interpreted by some analysts as stimulated by a sell off due to profit taking while the going was good.
But given that the Macau gaming market has been growing by at least 35 percent this year (when adjustments are made for local market anomalies) it's unlikely many core RWS investors would be complaining.
Purchases by a Singapore company of stakes in Macau gaming operators–provided they are minority stakes–are unlikely to cause any regulatory difficulties for the Macau government. Whether the Singapore government will be as open-minded about GENS possibly buying into Macau, with the latter's exposure to junket operators, is another question.
Even if the aim of a Hong Kong listing were simply to raise cash for the core operation at RWS, it would face less investor resistance in the Hong Kong market than a secondary issue in Singapore. A Hong Kong listing could tap into the latent demand for gaming stocks in that market stimulated by the aggressive growth of Macau.
An alternative GENS cash-raising route–selling off existing shares in its Singapore entity to outside investors–faces significant hurdles in the Lion City. Singapore's Casino Control Act 2006 says any operator wishing to sell more than five percent of its voting shares must seek the express permission of the government. That's in order to ensure that the party or parties that own the casino operator don't change part way through the ten-year licence period.
Given that the timing on Hong Kong listings is determined by the local regulator, it seems doubtful that GENS would be able to get to market with any share offer ahead of MGM International's Initial Public Offering, expected later this year.
Reports of some kind of secondary share issue by GENS must be taken seriously, given that they came from CIMB Singapore, a company that acted as joint financial adviser and joint lead managers for GENS' first rights issue announced in September last year. That raised SD1.63 billion (USD1.14 billion).
http://www.asgam.com/component/k2/item/346-hong-kong-share-issue-for-genting-singapore?.html
Hong Kong share issue for Genting Singapore?
Will Genting Singapore (GENS), the unit that holds Genting's interest in Resorts World Sentosa (RWS), do a secondary share issue soon, as rumoured in Singapore's financial markets?
And could such a secondary share issue be done in Hong Kong rather than on the Singapore bourse?
The assumption behind those questions is that any share issue by GENS would be based upon the asset of RWS. That assumption may be erroneous, as we've seen already with Wynn Macau's listing in Hong Kong, where the bulk of the cash supported the core operation in Las Vegas.
In GEN's case The Genting parent already has investments in other parts of Asia, namely via Star Cruises (Genting Hong Kong) and a 50 percent joint venture holding by Star Cruises in a casino operation at Resorts World Manila in the Philippines.
Why shouldn't Genting take the strategy one step further and get its Singapore unit to invest in assets in another major neighbouring market such as Macau? GENS has had a Hong Kong investment company set up and ready to go since July last year.
That month Genting International PLC (now GENS) announced that it had incorporated Genting Singapore (HK) Limited (GSHK) as its new wholly owned subsidiary in Hong Kong. The principal activities of GSHK were listed at that time as investment, marketing and promotion.
So what would be the point of GENS raising money in Hong Kong? One possibility is that cash raised in Hong Kong by the GENS subsidiary could be used to buy direct stakes in Macau casino operators. Investment in Macau would make sense because of the regional and cultural fit. It certainly makes more sense than GENS having holdings in UK casinos–an historical anomaly and an investment recently sold to the Genting parent.
In theory anyone investing in this GENS Hong Kong vehicle would also gain exposure to RWS in Singapore, and that takes us back to the dilution issue. If RWS investors had wanted exposure to other markets, they would have put their money into the Malaysian parent Genting Group, not into GENS, goes the thinking.
Concern about dilution of existing shareholders was given as one reason why GENS' share price fell 3.1% at the beginning of August. The movement was interpreted by some analysts as stimulated by a sell off due to profit taking while the going was good.
But given that the Macau gaming market has been growing by at least 35 percent this year (when adjustments are made for local market anomalies) it's unlikely many core RWS investors would be complaining.
Purchases by a Singapore company of stakes in Macau gaming operators–provided they are minority stakes–are unlikely to cause any regulatory difficulties for the Macau government. Whether the Singapore government will be as open-minded about GENS possibly buying into Macau, with the latter's exposure to junket operators, is another question.
Even if the aim of a Hong Kong listing were simply to raise cash for the core operation at RWS, it would face less investor resistance in the Hong Kong market than a secondary issue in Singapore. A Hong Kong listing could tap into the latent demand for gaming stocks in that market stimulated by the aggressive growth of Macau.
An alternative GENS cash-raising route–selling off existing shares in its Singapore entity to outside investors–faces significant hurdles in the Lion City. Singapore's Casino Control Act 2006 says any operator wishing to sell more than five percent of its voting shares must seek the express permission of the government. That's in order to ensure that the party or parties that own the casino operator don't change part way through the ten-year licence period.
Given that the timing on Hong Kong listings is determined by the local regulator, it seems doubtful that GENS would be able to get to market with any share offer ahead of MGM International's Initial Public Offering, expected later this year.
Reports of some kind of secondary share issue by GENS must be taken seriously, given that they came from CIMB Singapore, a company that acted as joint financial adviser and joint lead managers for GENS' first rights issue announced in September last year. That raised SD1.63 billion (USD1.14 billion).
http://www.asgam.com/component/k2/item/346-hong-kong-share-issue-for-genting-singapore?.html
nOt mentiOned
BullishTempo ( Date: 20-Aug-2010 13:26) Posted:
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When the Casino could provide 'Private table in the hotel room', then, you will see it soar to perhaps, $5.00 per share! LOL!
BullishTempo ( Date: 20-Aug-2010 13:26) Posted:
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Any idea when they announcing the junket approval?
pharoah88 ( Date: 20-Aug-2010 13:18) Posted:
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Over 3Q 2010 4Q 2010 and 2011, additional new jackpot machines and gaming tables will be progressively installed.
By 2012, WEST WING WATER LEISURE THEME PARK will be FULLY OPEN.
pharoah88 ( Date: 20-Aug-2010 12:32) Posted:
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A casino junket, where gamblers are flown to an area where legalized gambling is available and booked into a hotel-casino, both at the junket company's expense, in exchange for a cut of the gamblers' turnover from the casino
Junket
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| Look up junket in Wiktionary, the free dictionary. |
Junket can refer to:
- an excursion for the purpose of pleasure at public expense (see Wiktionary link)
- Junket (dessert), a dessert made of flavoured, sweetened curds
- Junket (company), a brand name of rennet tablets and dessert mixes
- A movie junket, where entertainment journalists are invited to see a movie and interview the stars of the movie before the movie's release
- A casino junket, where gamblers are flown to an area where legalized gambling is available and booked into a hotel-casino, both at the junket company's expense, in exchange for a cut of the gamblers' turnover from the casino
First and foremost, who are junkets? The most common answer is that most people have no idea. They are actually people or a company who refer clients or business to casinos. They handle individual reservations as well as group and charter business. In its simplest terms, a junket is a cheap or free trip to a casino or similar establishment on the guarantee that players will gamble for a specific period of time or wager a specific amount of money. All-expense-paid trips for gamblers are part of the marketing strategy of casinos throughout the world and "junket reps" act as the liaison between casino marketing departments and proven premium players.
Casino Junkets began in the mid-50’s as a way to entice players to Las Vegas to gamble. Junket programs in those days were pretty straightforward. Casino operators would hire junket reps to fill a plane with qualified gamblers. These players would get free airfare, free hotel accommodations, free meals, free shows in exchange for their commitment to gamble a specific number of hours per day at an explicit average bet size. The casinos of course were gambling that the players would lose more than their out of pocket expenses for bringing, housing and feeding them.
Qualified players receive the most in upfront comps, and are offer a wide variety of gaming packages tailored to the customers gaming profile. In addition, most of the programs also offer first time players to establish themselves and allow them to become familiar with the various gaming properties. They are in charge of assisting you in becoming comfortable and familiar with the procedures that most gaming properties have established so that they can identify you as a player. Once established they will also help you understand the comping guidelines and utilize the slot and table rating cards to maximize your gaming experience. Your junket host will let you know what is included but your airfare should be part of the deal.