Depressing gambling revenues forecast for Genting Singapore Limited
@bumpy:
Malaysian investments specialist Maybank Investment Bank Berhad has reportedly predicted that gross gambling revenues for Asian casino operatorGenting Singapore Limitedwill likely remain at least partially depressed for at least the next three years. According to a Tuesday report from Asia Gaming Brief, the corporate financing specialist used an official filing to detail that the casino firm’s ongoing slump precipitated by the appearance of thecoronavirus pandemicfrom late-2019 is forecast to continue until the end of 2024 owing to increased regional competition and an expected lack of gamblers from mainlandChina. Recent results: A subsidiary ofGenting Malaysia Berhad,Genting Singapore Limitedis responsible for the giant gambling-friendlyResorts World Sentosadevelopment inSingaporeand saw