KUANTAN: The Pahang government appears to have distanced itself from commenting on the hilltop casino operations in Genting Highlands near Bentong.
According to a source, the casino comes under the purview of the Ministry of Finance (MoF), and not the state government.
"The local authorities are only responsible for issuing the premises' business licence while MoF provides the casino licence.
"This is similar to a petrol station....the local authorities issue the business licence but the premises will comply with the directive from the Domestic Trade and Consumer Affairs Ministry in terms of operating hours, activities and volume of petrol sold," said the source.a
UPDATED THU, NOV 10 20228:33 AM EST SHARE Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Dow futures surge more than 600 points after October inflation report is lighter than expected
Genting Singapore's 3Q earnings and revenue double
Genting Singapore, which operates the Resorts World Sentosa integrated resorts, has reported a significant improvement in its results for 3QFY2022 ended Sept 30.
For the period, earnings reached $135.8 million, versus $60.7 million in the year-earlier; revenue in the same quarter was $519.7 million, more than double $251.5 million in 3QFY201.
"The overall improvement in RWS’ operating performance reflects the ongoing recovery of regional travel markets, but such recovery has yet to return to the pre-pandemic levels. The rebound in gaming revenue was led by more affluent and premium customers that are staying slightly longer," says Genting Singapore.
Thanks for useful comments @Michael Chan, Choy Sun, emsvsi, neohts, SHQuah, stkoay today. Heng ah! Huat ah! More good news in next few quarters please! All waiting for China to re-open by ??
Maybe after GE15 and profit QR only can skyrocket. This counter is slower than what we expected. I'm expecting it can reach 5 on year end. Reach 5.5 on another profit QR. Hoot9eee! ; P
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....
kingoftradings
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Posted by kingoftradings > 2022-11-10 08:21 | Report Abuse
KUANTAN: The Pahang government appears to have distanced itself from commenting on the hilltop casino operations in Genting Highlands near Bentong.
According to a source, the casino comes under the purview of the Ministry of Finance (MoF), and not the state government.
"The local authorities are only responsible for issuing the premises' business licence while MoF provides the casino licence.
"This is similar to a petrol station....the local authorities issue the business licence but the premises will comply with the directive from the Domestic Trade and Consumer Affairs Ministry in terms of operating hours, activities and volume of petrol sold," said the source.a