“Las Vegas Sands and many other American casino operators are mostly in a net debt position, but Genting Singapore is huge in net cash. For that, the Japanese would probably prefer them,” he tells The Edge in an interview at Maybank’s Invest Asia 2019 conference in Singapore.
(June 10): It is no secret that gaming tycoon Lim Kok Thay believes the odds are good for Genting Singapore to be awarded a casino licence by the Japanese. His optimism stems from the Japanese government’s public pronouncement that it will employ the Singapore casino model.
More importantly, Genting Singapore is among the very few candidates in a net cash position, observes Maybank Kim Eng Holdings regional gaming analyst Samuel Yin Shao Yang.
