Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s$ ?

[Mdm Tang]

Dear All,


Any one noticed the erratic trading pattern

and Volume ( Prices ) of GENTING SHARES (GEN) on

the following past 6 trading days ????


1) 20 JULY 11 ( WED )

2) 21 JULY 11 ( THUR )

3) 22 JULY 11 ( FRI )

4 ) 25 JULY 11 ( MON )

5) 26 JULY 11 ( TUE ) and action day :

6 ) 27 JULY 11 ( WED )



THANKS

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

DAY 3 : 22 July 2011 ( Reported In The Straits Times )




Money
Home > Breaking News > Money > Story
Jul 22, 2011
Genting wobbly on 'soft patch' fears
Share price at its lowest level in 10 months as investors exit stockBy Goh Eng Yeow, Senior Correspondent
Related Link
GENTING PARTS WAY WITH STI



The sell-offs were prompted by a fear that Genting's business might have hit a soft patch after recording meteoric growth since its integrated resort opened for business last year. -- ST FILE PHOTO


THE year-long love affair between casino play Genting Singapore and investors has soured, as a stampede out of the stock earlier this week sent its share price crashing to its lowest level in 10 months.

Since it released its first-quarter results in May, which many investors regarded as lacklustre, the counter has slumped about 17 per cent, shedding about $4.57 billion of its market capitalisation, in a period of just 10 weeks. Turnover in Genting has shot up sharply as well, as selling pressure accelerated.

On Wednesday, about 216.7 million Genting shares changed hands as its share price dropped five cents to $1.78 - its lowest close since September. Then yesterday, about 130.3 million shares were traded, as the counter rebounded 1.5 cents to $1.795.


On both days, the trading activity was well above Genting's second-quarter daily average volume of 75.6 million shares.


Monday and Wednesday's sell-offs were prompted by a fear that Genting's business might have hit a soft patch, after recording meteoric growth since its Resorts World Sentosa casino opened for business last year.

Read the full story in Friday's edition of The Straits Times

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

.



DAY 6 : 27 JULY 2011



GENTING SHARE SHOT UP TO A HIGH OF S$1.945 from a low of S$1.81

before closing the day at S$1.92 on a volume of 289 MILLION shares




. BT 27 JULY 2011



Business Times - 27 Jul 2011


New CEO looking for more land to expand MBS

George Tanasijevich gets the top job and is eyeing parcels of land near IR to stay ahead of demand

By LEE U-WEN

(SINGAPORE) Marina Bay Sands (MBS) has again called on the Singapore government to make available several adjacent plots of land that would help support the US$5.7 billion integrated resort's (IR) burgeoning operations.

These are land parcels currently not on the reserve list, which means they are not positioned to go through the public tender process, said the company's newly-appointed president and chief executive George Tanasijevich.

'The ramp-up here in each of our business lines has been very rapid. We want to be ahead of the demand to make sure that we're not constrained as we continue to progress and build our business,' he said in an exclusive interview with BT, his first since being promoted to the top job this week.

His comments come five months after parent company Las Vegas Sands' (LVS) chairman and CEO Sheldon Adelson said that MBS craved more land to cater to the growing demand for its meetings, incentives, conventions and exhibitions (Mice) events, among various business activities.

Mr Tanasijevich, 50, said that the strong desire of MBS - which opened its doors in April 2010 - to expand further was 'a signal of just how optimistic we are about Singapore and our business prospects'.

'We encourage the government to move forward with parcels that are adjacent to MBS. We think we could further enhance this part of Singapore, consistent with the overall masterplan for the Marina Bay area,' said the American.

Mr Tanasijevich, who will relinquish his position as MBS's managing director of global development, had been the interim CEO since February following the surprise departure of previous chief Thomas Arasi after just 18 months at the helm. MBS will make an official announcement regarding Mr Tanasijevich's new appointment today.

The new CEO was LVS's senior representative and main coordinator during Singapore's IR bidding process in 2005. A lawyer by training, he was the first employee to receive the news from the Singapore Tourism Board (STB) that LVS was successful in its bid.

In its first full year of operations, MBS welcomed some 19.6 million local and foreign visitors, a large chunk from key markets such as Indonesia, Malaysia and China. Since it opened, the company has also inked deals to host 1,959 Mice events, including those that have already taken place.

For the first three months of this year, MBS reported a 48.6 per cent profit margin and pre-tax profits of US$284.5 million, down from US$305.8 million in the previous quarter. The second-quarter results were announced yesterday in the US (Wednesday morning, Singapore time) after the markets closed.


'We want to continue to build on our good start. We want to get better in every aspect of our business and deliver stronger results across the board. You have seen some of the economic impact stimulated by the introduction of the IRs, and we want to keep pushing that to higher levels,' said Mr Tanasijevich.

'Obviously, Asia is an exciting part of the world to be in now. Some of the world's strongest economies are here, not least of which is Singapore with its 14.5 per cent growth last year.'

Driving much of MBS's long-term expansion will be its ability to bring in the best talent and placing them at all levels of the company, he said. MBS employs some 8,600 staff today and Mr Tanasijevich said there was some scope to recruit more people with several sections of the casino-resort - including two new crystal pavilions - yet to be opened.

'Over time, as people grow in our business and they get better at their job and rise up the ranks, we will become a more localised company, more of a Singapore company. This is something which I think is important for us to be established here,' he said.

Mr Tanasijevich, who has been based here for the last 10 years, described his working relationship with the key government agencies - among them the Ministry of Community Development, Youth and Sports and the Casino Regulatory Authority (CRA) - as a 'constructive and collaborative' one.

'I speak with them by phone on a daily basis. We have regularly scheduled meetings with different groups such as the Integrated Resorts Working Group which is chaired by STB (Singapore Tourism Board) CEO Aw Kah Peng,' he said. 'We meet routinely with CRA to update them on the progress and status of our business. The communication lines are always open and they run both ways.'

When asked to reflect on his journey so far having been involved with MBS since day one, Mr Tanasijevich preferred to look ahead to the future and focus on dealing with the immediate tasks at hand in his new capacity.

He said: 'I think we are in a situation where this is a privileged position that Singapore has granted us. We want to earn our keep every single day, doing everything we can to help the government and STB meet its goals and objectives and, at the same time, providing economic growth and career opportunities for Singaporeans.'


Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

DAY 6 : 27 JULY 2011



.


Singapore
Home > Breaking News > Singapore > Story
Jul 27, 2011
Record operational profit at MBS
By Jonathan Kwok


Marina Bay Sands (MBS) has announced its strongest quarterly profit since opening a year ago in a reflection of the rapid growth of the gaming market. -- ST PHOTO: LIM SIN THAI




MARINA Bay Sands (MBS) has announced its strongest quarterly profit since opening a year ago in a reflection of the rapid growth of the gaming market.

Bumper growth in both its gaming and non-gaming businesses - such as its landmark hotel - drove up second quarter operational profit by 42 per cent to US$405.4 million (S$487.7 million) compared to the first quarter.

This has fuelled speculation MBS may have captured some of the market from rival Resorts World Sentosa (RWS).

The MBS bottomline was also more than four times the figure in the same period last year, after it launched parts of the resort in April 2010 though it was not fully up and running for that quarter.

Analysts have been surprised by the level of growth in the gaming market since MBS and RWS opened last year.

The market has expanded from zero last February, before first-mover RWS opened its casino, to be worth about $6 billion a year now, estimated Morgan Stanley analysts.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

.



.

http://www.todayonline.com/Hotnews/...lps-boost-parent-firms-second-quarter-profits

.


___________[/SIZE]Marina Bay Sands helps boost parent firm's second-quarter profits
04:45 AM Jul 28, 2011


LAS VEGAS - Marina Bay Sands (MBS), which opened in April last year, is on its way to becoming the most profitable casino-resort ever, said the chief executive officer of its parent company Las Vegas Sands (LVS).

The company's Singapore business accounted for nearly one-third of LVS revenue in the second quarter of the year, helping the United States-based casino-resort operator reverse losses it suffered a year earlier.

"Nobody can convince me that we've even touched the area of saturation of the market," said LVS CEO Sheldon Adelson. "I think Singapore's going to continue to grow and grow and grow."

Mr Adelson also said that Singapore will continue getting more word-of-mouth buzz as an overall destination for leisure and business tourism, leading to even more visitors.

LVS earned US$367.6 million (S$441.5 million) for the second quarter, compared with a loss of US$4.7 million a year earlier as its revenue rose almost 50 per cent.

Most of its US$2.35 billion in revenue was derived in Macau, where it took in US$1.21 billion.

The company's revenue in Singapore was US$737.6 million. In Las Vegas, where the company is based, revenue rose 18.2 per cent to US$332.5 million.

LVS yesterday named Mr George Tanasijevich as the chief executive of its Singapore unit and Mr Benny Zin its chief operating officer.

Mr Tanasijevich was made interim chief executive following the sudden resignation of Mr Tom Arasi from the position in January.

Mr Zin had been serving as interim chief operating officer. Agencies


Image 1 of 1 enlarge this photoAP AP
Copyright © MediaCorp Press Ltd

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

.


http://money.cnn.com/quote/quote.html?symb=LVS


http://www.fool.com/investing/inter...-vegas-sands-is-hitting-on-all-cylinders.aspx





.

Las Vegas Sands Is Hitting on All Cylinders
By Travis Hoium | More Articles
July 27, 2011 | Comments (0)


It was just another ho-hum quarter for Las Vegas Sands (NYSE: LVS ) in the second quarter. Just a record $2.35 billion in revenue and a 90.4% increase in adjusted property EBITDA, which went to $901.6 million. But isn't that exactly what we've come to expect from the gaming giant?

Even the penny loss the company reported a year ago has turned into a better-than-expected $0.45-per-share profit. It's no surprise that Asia is at the center of the current momentum, but it isn't Macau that's driving the improvement in results.

In Singapore we trust
Just over a year after it opened the Marina Bay Sands Resort, the Singapore casino now dominates the company's earnings. The property's $405.4 million in EBITDA was 45% of the entire company's EBITDA even after an impressive quarter in Macau. For the first full year of operations, Marina Bay Sands generated an impressive $1.24 billion in property EBITDA, and its trajectory is still impressive. If you adjust for some bad luck in the first quarter of this year, the EBITDA trend has headed steadily higher throughout the year.

What really separates Las Vegas Sands is the company's outstanding EBITDA margins at each of its properties. The Venetian Macau's EBITDA margin of 35.1% tops Wynn Resorts' (Nasdaq: WYNN ) 32.2% in Macau and easily tops Melco Crown's (Nasdaq: MPEL ) 17.2% margin at the neighboring City of Dreams. In Singapore, Las Vegas Sands is turning 55.0% of every dollar in revenue into property EBITDA. That performance simply can't be matched.

No signs of slowing down
When I said it was time to buy Las Vegas Sands a month ago, I pointed to not only the company's superior operations but also to another casino opening in Macau in 2012. With Wynn Resorts and MGM Resorts (NYSE: MGM ) still years from opening new casinos in Macau, Las Vegas Sands will continue to dominate the Cotai Strip.

Las Vegas Sands is hitting on all cylinders, and there's simply no sign it is going to slow down.

Interested in reading more about Las Vegas Sands?


.

 

[krafty]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

bro, i heard gov't going to up levy soon. $200 per entry and $5000 for 1 year pass. sell it off before they announce the news.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

bro, i heard gov't going to up levy soon. $200 per entry and $5000 for 1 year pass. sell it off before they announce the news.

.

Dear KT , forget about Casino ...


Wait for Bro Equalisation and Bro Eccelesiates
Horse tips for 2mrw ...


http://www.turfclub.com.sg/tabid/202/ctl/RaceCardDetail/mid/821/ItemId/1547/r/-1/Default.aspx


http://www.turfclub.com.sg/DesktopM...up.aspx?RaceCardId=1547&Property=TrackWorkSpy







.




.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

bro, i heard gov't going to up levy soon. $200 per entry and $5000 for 1 year pass. sell it off before they announce the news.

No effect : people will only gamble higher stakes . Just like ERP and COE : people still

buy more cars ...

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

bro, i heard gov't going to up levy soon. $200 per entry and $5000 for 1 year pass. sell it off before they announce the news.

Genting can still play the " Junket" card . No use .

 

[Forvendet]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

Sometimes I feel that the government might as well make the casino annual pass COE style, limited issues and secured by bidding. The day pass can be ERP style, charged for time spent in casino between entry and exit.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

bro, i heard gov't going to up levy soon. $200 per entry and $5000 for 1 year pass. sell it off before they announce the news.

... Guess who make the most s$ money
from 20 july 11 to 27 july 11 ??? ....


..... Guess who lost the most s$ money
from 20 july 11 to 27 july 11 ??? ...

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

sometimes i feel that the government might as well make the casino annual pass coe style, limited issues and secured by bidding. The day pass can be erp style, charged for time spent in casino between entry and exit. :d

bro , very good leh ??? Govt will give you national day award ...

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

sometimes i feel that the government might as well make the casino annual pass coe style, limited issues and secured by bidding. The day pass can be erp style, charged for time spent in casino between entry and exit. :d

i think will some adjustment to the coe system it will work.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

.

bro, i heard gov't going to up levy soon. $200 per entry and $5000 for 1 year pass. sell it off before they announce the news.

i tried all the wanton noodle stalls in your thread ....

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

.


Business Times - 16 Aug 2011


Resorts World surrendering market share to MBS

Genting Singapore shares close at $1.67 - their lowest level since Aug30, 2010

By GRACE LEONG

GENTING Singapore's latest earnings show Resorts World Sentosa (RWS), for the first time, noticeably ceding market share in both the VIP and mass-market segments to rival Marina Bay Sands (MBS), analysts say.

Those losses, including two straight quarters of declining VIP volumes, combined with stagnant local gaming market growth in the second quarter took their toll on the mainboard-listed casino operator's shares yesterday, which slid 3.19 per cent, or 5.5 cents, to close at $1.67 - the lowest level since Aug 30, 2010.

Macquarie Equities Research, in a report released yesterday, said Genting Singapore's market share of VIP volumes dropped to 52 per cent in the second quarter, while mass-market share fell to 47 per cent.

VIP volumes slid 8 per cent, quarter on quarter, while mass-market volumes shrank 4 per cent.

'We had expected the market share reversal as Genting Singapore's historical outperformance had been driven by aggressive credit extension which delivered quick results, but was unsustainable,' the Macquarie report said.

MBS, on the other hand, spent time building an international marketing network, which took time to deliver results, but has started delivering in the second quarter, the report said.

As junket operators are yet to be licensed, Genting Singapore will have to focus on building its own global marketing presence to grow its VIP business, it said. 'We believe Genting Singapore can also follow MBS's strategy and will see uplift in performance over ensuing quarters,' it said.

Citing low luck factor in its VIP business segment, or gamblers being luckier than usual, Genting Singapore posted a 39 per cent drop in net profit to $242.9 million in the second quarter, from $396.5 million a year ago. RWS reported what analysts called 'disappointing' adjusted Ebitda (earnings before interest, tax, depreciation and amortisation) of $347.2 million, down from $529.6 million adjusted Ebitda a year ago.

Sean Monaghan, an analyst with HSBC in Singapore, sees RWS facing earnings pressure for the next 12 to 18 months, but could get a boost in operational performance in 2013 with the completion of the resort in late 2012. 'MBS is virtually complete and as such appears to be enjoying the financial and operational benefits of this status versus RWS which will only be fully developed on the completion of the western zone towards the end of 2012.'

Mr Monaghan said Singapore's gross gaming revenue growth is driven by the mass market, while the VIP market appears to have stalled somewhat over the past nine months.

The Singapore Casino Regulatory Authority's investigation into illegal junket activities could result in lower VIP volume, and put pressure on growth in the local gaming market, Morgan Stanley Research Asia/ Pacific analyst Praveen Choudhary said.

With Genting Singapore posting a 13 per cent decline in VIP rolling chip in the second quarter, and a 14 per cent drop in the first quarter, he said he believes there is risk of Genting Singapore's market share falling below 50 per cent in the second half of the year.

Not surprisingly, most analysts cut their target price on Genting Singapore because of lower profitability forecasts.

JP Morgan Asia Pacific Equity Research, in its report, said the 13 per cent drop in RWS's VIP volumes 'is consistent with our earlier suspicion that its competitor's 21 per cent Q/Q uptick in VIP play was achieved at RWS's expense'.

On the mass floor, RWS's volumes remained flattish Q/Q - again, paling in comparison to MBS's stronger mass (+13 per cent) and slot handles (+17 per cent). This has further eased RWS's market leadership of the VIP and mass markets to a more balanced 52 per cent and 51 per cent respectively, the JP Morgan report said.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

NEW THEOREM :



RWS = LOSS MARKET SHARE (S$) OF BIG PUNTERS = BIG PUNTERS WIN MORE

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

.


Casino Reqgulatory Authority should made it Mandatory

For RWS and MBS to provide data in their quater reports , percentage figures at least,

breakdown % of their a) Big punter b) small punter c) medium punter

whether how many % are local and how many % are foriegers.

Singaporeans and shareholders would like to know.


#################

Genting SP: 2Q11 Net Profit Down 39% To S$243 Million.
15 Aug 2011 11:21For the second quarter of 2011, the Group recorded revenue of S$728.7 million and adjusted earnings before interest, tax, depreciation and amortisation of S$347.2 million. The revenue for Singapore Integrated Resort was S$716.0 million, lower than that of first quarter 2011 by 22% affected by the unfavourable win percentage in the premium players business while the Group saw strong growth in the non gaming segment including Universal Studios Singapore and the hotels. The daily average visitation to USS grew to about 10,300 with an average spending of S$83 per visitor. Singapore IR's hotel occupancy was 88% with an average room rate of S$317. The Group reported lower net profit of S$242.9 million as compared to first quarter of 2011 attributable to the lower adjusted EBITDA of Singapore IR of S$352.5 million as a result of its unfavourable win percentage in the premium players business.




################


.

Singapore News




Overstayer arrested while attempting to enter casino illegally



http://www.channelnewsasia.com/stories/singaporelocalnews/view/1147195/1/.html

Posted: 15 August 2011 2334 hrs


Photos 1 of 1







SINGAPORE:



Police have arrested a 27-year-old overstayer for attempting to enter the Resorts World Sentosa (RWS) casino with another person's identification document.

On 15 Aug 2011 at about 12.30am, police were informed that a man had been detained at the entrance of RWS casino by the RWS security officers.

Police officers arrived shortly and established that the man was not in possession of any valid identification or travel documents, and had earlier attempted to use another person's work permit to gain entry into the casino.

He was immediately placed under arrest.

Preliminary investigations revealed that the suspect was a work permit holder and had continued to remain in Singapore since 2008 after his work permit was cancelled by his employer.

The owner of the work permit used by the suspect will also be investigated for allowing his work permit to be used.

The suspect, a male Chinese national, will be charged in court on August 16.

For the offence of Using Another Person's Work Permit, the suspect shall be liable to a fine not exceeding $15,000 or imprisonment for a term not exceeding 12 months or both, if convicted.

For the offence of Overstaying, he shall on conviction be punished with imprisonment for a term not exceeding six months and shall also be punished with caning of not less than three strokes.

Commander of Clementi Police Division, Deputy Assistant Commissioner of Police Melvin Yong, commended the security officers for their vigilance and added that the police will not hesitate to take stern action against identity thieves and those who attempt to enter the casinos by impersonation.

- CNA /ls




.

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

Casino House Advantage Vs unfavourable win percentage ( of Big Players )






How Casinos Measure House Advantage, and What the Values Mean

http://krigman.casinocitytimes.com/articles/5548.html






Casinos House Advantage



http://www.lasvegas-how-to.com/house-advantage.php

 

[Mdm Tang]

Re: Genting (s'pore) shares - 20 jul to 27 jul (7 days) - who made s$ // who lost s

.
Let’s take a closer look at this thing called House Advantage – the Odds against casino patrons (or from other way, the Odds for the casino). Theoretically proven, different casino betting games each has varied odds (house advantage) for the house/casino. However, it is crucial to know that the house advantage does not work in isolation from other key factors of winning (for the casino), such as turnover volume, average bet, length of play and effects of player incentives/inducement etc. that produce (resulted) the overall Hold (Win %) for the casino.




http://expertir.wordpress.com/2010/10/11/singapore-casino-myth/