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$SIA(C6L.SG$
SIA drop tomorrow due to airplane crash!?
SIA drop tomorrow due to airplane crash!?
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$Genting Sing(G13.SG$
Sell on news again. Pump and dump.
Sell on news again. Pump and dump.
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$Seatrium Ltd(5E2.SG$ accumulating. Will huat in due course!
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Genting Singapore confirms interest in developing a UAE casino resort
$Genting Sing(G13.SG$Genting Singapore Executive Chairman Tan Sri Lam Cathay said Genting Singapore is indeed interested in developing an integrated resort in the United Arab Emirates (UAE).
According to the financial weekly “The Edge”, Lin Guotai pointed out at the shareholders' meeting held last Friday in response to shareholders' questions about the company's international expansion plans.
Regarding the upcoming Sentosa Resorts World (RWS) 2.0 expansion, he also said that it should not be viewed as a casino expansion; a large portion of the investment was to expand non-casino portfolios in line with Singapore's strategy to become an activity-driven travel destination.
Lin Guotai explained that the bid conditions for operating Resorts World Sentosa in Singapore were for integrated resorts, not just casinos.
He anticipates that more countries will follow Singapore's example and support the development of integrated resorts.
The landscape of the global casino industry has changed.”
“In this regard, since the company is a Singaporean company and has extensive experience in integrated resorts, it is well-positioned to bid for related projects.”
For investments in the UAE, he believes it is “unlikely that there will be an international tender for a casino development project.”
“Genting Singapore is happy to use its experience in non-casino products to develop integrated resorts in the Middle East.”
In addition, he revealed that he will be more cautious about the Thai market and will wait until the details of the regulatory framework are clarified and discussed...
$Genting Sing(G13.SG$Genting Singapore Executive Chairman Tan Sri Lam Cathay said Genting Singapore is indeed interested in developing an integrated resort in the United Arab Emirates (UAE).
According to the financial weekly “The Edge”, Lin Guotai pointed out at the shareholders' meeting held last Friday in response to shareholders' questions about the company's international expansion plans.
Regarding the upcoming Sentosa Resorts World (RWS) 2.0 expansion, he also said that it should not be viewed as a casino expansion; a large portion of the investment was to expand non-casino portfolios in line with Singapore's strategy to become an activity-driven travel destination.
Lin Guotai explained that the bid conditions for operating Resorts World Sentosa in Singapore were for integrated resorts, not just casinos.
He anticipates that more countries will follow Singapore's example and support the development of integrated resorts.
The landscape of the global casino industry has changed.”
“In this regard, since the company is a Singaporean company and has extensive experience in integrated resorts, it is well-positioned to bid for related projects.”
For investments in the UAE, he believes it is “unlikely that there will be an international tender for a casino development project.”
“Genting Singapore is happy to use its experience in non-casino products to develop integrated resorts in the Middle East.”
In addition, he revealed that he will be more cautious about the Thai market and will wait until the details of the regulatory framework are clarified and discussed...
Translated
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WhampoaDragon
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$Seatrium Ltd (5E2.SG)$ Can only buy by gut feelings? What are the resistance and support levels?
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$Seatrium Ltd(5E2.SG$ i am grateful for the chance to buy more again!
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WhampoaDragon : A matter of how much drop ?