For years, Singaporeans love going or driving to JB on most weekends. Thanks to strong SGD, Singaporean residents (ie citizens,PR & foreigners) love the cool weather of Genting Highlands for either casino or family holidays or shopping or all.
Some Singaporean citizens/PR prefer to gamble at Genting Malaysia cos no extra entrance fees imposed as at Genting Singapore.
Posted by ALrookie > Nov 8, 2021 8:57 AM | Report Abuse
KUALA LUMPUR (Nov 7): Fitch Ratings has assigned Genting Malaysia Bhd's indirect 49%-owned associate Empire Resorts Inc a final "B+" long-term Issuer default rating (IDR) following the closing of Empire Resorts' new US$300 million (about RM1.25 billion) senior secured bonds and fresh US$75 million holding company (HoldCo) loan.
In a statement on Friday (Nov 5, 2021), Fitch said it had also assigned a "BB+"/"RR1" rating to Empire Resorts' senior secured notes.
"The rating outlook is stable. The stable outlook reflects the property's recent healthy operating performance and regional gaming's broader solid recovery.
"Empire (Resorts) completed a recapitalisation that included US$300 million of senior secured notes, a new US$75 million HoldCo loan, and a US$150 million preferred equity investment by Genting Malaysia," Fitch said.
Re-entered GenM a few days ago after selling a few months back... and today felt that I've made a mistake. Despite the various promising news announced, instead of climbing, it kept declining, no thanks to our extremely weak and sick market. Must give credit to our wonderful and capable MoF too. Syabas! Meanwhile I'm seeing profit on my GenS investment. Really terrible lah. Decided to cut loss and will buy back later if it goes much lower.
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....
wolfbroker
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Posted by wolfbroker > 2021-11-08 21:09 | Report Abuse
Let's make Genting greater again