It's really truth, what gaming analyst site visit reported is true. From youtube video by 23th Nov 2019, it already started fews roller coaster test rides at Nov time frame. . I dont see any major construction development in Outdoor theme park, all are Done. Now, pending final test rides before soft launch.. Maybe can open by early or mid Q2'2020 as analysts & investor beleive. See these youtube video for your info.
Why take those old past fews years of youTube video on Genting US casinos? Thats is past tense, share price is looking forward. Based on latest financial Qtr report, Empire casino alrdy back to black now, isn't that a good sign of worst is over? Plus, Genm OTP is opening soon in next 4 - 5mths, that a good sign as well if investor look toward medium to long term goal.
FYI. Empire US casino only uses one time deal of buying its shares back for RM0.5bil, get back the whole asset and take back control of US casino. Now, it business turn to black, no more loss. Future prospect will be better with new CEO ex Wynn in the mgmt restructuring. Some more, GENM share price drop from 4.00 to 3.30 now, wipe out Rm2bil valuation in share price after buy over Empire US casino. I strongly believe current low price of PE 10 + dividend payout 6%, already factor in all the bad news + moving OTP to be open soon in next 4-5 mths with Visit Msia 2020, more visitors foreign tourists arrival for this year. The business ripple effect and profit will be massive.
Patience is the key now. Big opportunity to collect if has patience. I believe by year end 2020, GENM will shoot up beyond 4.00 once OTP open in mid year 2020 by then.
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Posted by ahbah > 2020-01-14 09:19 | Report Abuse
Genm ... got a superbull future bcos the whole world is now hooked onto a makan angin culture.