🖐 Japan quest for Genting Singapore Limited

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If you'd like to learn more investing concepts, and how to apply them to your investing needs, sign up for The Smart Investor's free investing education newsletter, Get Smart! This could very well be the wild card that the markets have not factored in. The Smart Investor. All content is displayed for general information purposes only and does not constitute professional financial advice. Investors need not fret, however, as this does not spell the end of Genting's growth ambitions. This article was first published in The Smart Investor. New attractions and facilities will be built in order to increase the appeal of the IR to tourists and to ensure its attractions remain relevant.

Previously, it was reported that there were three bidders for the Osaka Integrated Resort, including Genting and Macau-based Galaxy Entertainment Group.

Money investments Stocks and Shares. Investors should remember that there genting singapore japan casino news also no assurance that Genting can win the Yokohama bid, as the group is up against stiff competition from international players. Royston Yang. This is expected to take a total of 5 years and expand the existing IR's gross floor area by 50 per cent.

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And let's not forget that Genting is still in the running for the Yokohama IR bid. Your daily good stuff - AsiaOne stories delivered straight to your inbox. The news of Genting dropping the Osaka IR bid has implications for shareholders and investors as it seems to be a clear about-turn from Genting's stated intention of bidding for both IRs. However, investors will also gun for growth. In fact, they should view this as a mere stumbling block for the group as it continues to seek out new avenues for growth. As a reminder, the group reported a decent set of earnings for FY Revenue dipped 2 per cent year-on-year while net profit declined by 9 per cent year-on-year, mainly due to weakness in the gaming segment due to the ongoing trade war and tensions between the USA and China. Feb 25, Read Also. Click here to sign up now. Just a week ago on 12 Feb, Genting's earnings release had not provided any indication that there were problems relating to the bidding, so this news comes as a complete surprise and may put a spanner in Genting's stated growth plans. Even though the Yokohama bid is still on the table, the equation has obviously changed now for Genting. Genting will be celebrating ten years of operating Singapore's first IR, and the group has been massively successful and profitable,demonstrating that it has what it takes to successfully operate an IR. Regardless of whether Genting eventually does win the bid, investors can still look forward to generous dividends and organic growth of Resorts World Sentosa over a multi-year period. Though this means the group will need to borrow less, its prospects for growth also become more muted as a result. Investors have also benefitted from the copious free cash flows generated and rising dividends.