Most macau's casino operators are still struggling to recover with most of them in negatuve cash position while GENM has shown good recovery in most of its operations with latest positive cash position. This serve as a solid platform for the bidding of the macau casino license
Macau's gambling revenues in 2019 - six times the Las Vegas Strip, before COVID decimated it by 70% to $10.8 billion in 2021. "This represents an opportunity for Genting to participate in the recovery prospects of the Macau gaming segment.
In business always look at the longer term and not the near term…when there is an oportunity time to allow to step i to the tughtky control cartel in Macau, one would rush to go in and get prepare for the good time in tomes to come. In business we always look much further and not few years ahead.. with Chinese government secretly backing LKT, and the same time to squeeze out the American and also to loosen the cloud of the Stanley gang, LKT sees this as an oportunte time. Covid canot forever and China canot forever lock down. One can never wait til when the skybis clear and bright only decided to go out…risks has its rewards and vise versa. Just my humble 2 sen
There is always risks in everything that we decide or partake in life….without rosms there will be no rewards. Both go hand in hand. Manage your risks, take your calculated risks and hopefully the reward will come if u hit it right. Or if it goes the other way, the risks already imputed and manged by itself if one is well prepared. Do nothing just talking is the safest way for some…the choises are yours.. cheers!
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....
Income
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Posted by Income > 2022-10-17 10:35 | Report Abuse
Genm is The bluest of blue chips.