"Genting expects to clinch S’pore licence
GENTING Bhd is looking at a busy 2006 as it expects to clinch one of the two Singapore casino licences to operate in Marina Bay and Sentosa Island.
The de-regulation in Britain's gaming sector and return on capital re-rating from the expansion of its non-gaming assets, specifically energy, also augur well for the group.
Should Genting not get anything out of Singapore, ECM said there was always the other pillar of gaming liberalisation - Britain's casino de-regulation.
According to an analyst, sentiment on the stock was boosted following reports that James Packer’s Publishing and Broadcasting Ltd and Stanley Ho have withdrawn their joint bid for the Marina Bay IR-cum-casino, raising Genting’s chances of securing the bid.
However, a local research house said despite this, it believed Genting’s prospects lay with the Sentosa Island IR, not the Marina Bay IR as the former fitted in with Genting’s track record and experience. "
NOTE: If the above is true, then my my... I'm goin to experience fits. I guess towards the end, regardless of the result, there was merit to my departure from PwC. Let's just see how it turns out.
Also, my Accounts Assistant has eventually tendered. After weeks of speculation and no showings, he poped an email via Hotmail notifying me and my manager of his taking unpaid leave and subsequent resignation. Not surprising really, as from his attitude, he couldn't take the pressure and having not turn up for work several times would normally lead to black listing and non-confirmation. So I guess this was the best move. Apparently, he wants to help out his deceased uncle's business. All d best to him.
posted by Woodhead @ 11:24 PM
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