Marina Bay Sands (MBS)

Singapore economy

Singapore fills coffers with $1.3 bil on casino visits

SINGAPORE (May 7): Higher entrance levies haven’t stopped rich Singaporeans or those just feeling lucky from flocking to the country’s only two casinos.

In print this week

Raising the stakes

SINGAPORE (Apr 5): Nine years ago this month, Sheldon Adelson, the ageing chairman and CEO of Las Vegas Sands, cut a yellow ribbon at precisely 3.18pm to symbolise the opening of the Marina Bay Sands (MBS) integrated resort (IR). The iconic three towers

In print this week

Singapore is betting on its integrated resorts – but will the $9 bil 'IR 2.0' plan be enough?

SINGAPORE (Apr 5): With its dramatic architecture of three curved hotel towers, topped with the world’s biggest cantilever, Marina Bay Sands (MBS) has become an iconic representation of Singapore.

Broker's Calls

Genting Singapore kept at 'buy' with $1.23 target by RHB on stable earnings, market share gains

SINGAPORE (Feb 18): RHB Research is maintaining Genting Singapore at “buy” with target price of $1.23 on the back of stable casino earnings, market share gains and the company’s potential to tap into the Japan market, bolstered by its net cash balan

Broker's Calls

Valuations for Genting Singapore expected to trend up

SINGAPORE (July 30): UOB Kay Hian is keeping its “buy” call on Genting Singapore (GENS) with a target price of $1.38 on expectations that its valuations will trend up over time.

North Korea's Kim enjoys Singapore sites on eve of historic summit with Trump

SINGAPORE (June 11): North Korean leader Kim Jong Un, who rarely ventures outside his isolated country, visited tourist sites on Singapore's waterfront on Monday, hours before a historic summit with US President Donald Trump.

ISOTeam announces $46.6 mil mega-contract win

SINGAPORE (May 24): ISOTeam says it recently secured seven new contracts amounting to $52.58 million, including a $46.54 million mega-contract.

Broker's Calls

Genting Singapore likely to report better 1Q on higher market share: CIMB

SINGAPORE (Apr 27): CIMB Research expects Genting Singapore (GENS) to report an estimated 5% year-on-year improvement in adjusted EBITDA for the 1Q ended March on the back of higher market share.
Genting Singapore (GENS) Resorts World Sentosa (RWS)

Broker's Calls

UOB Kay Hian not betting on exciting growth for gaming industry

SINGAPORE (Oct 27): UOB Kay Hian is keeping its “hold” recommendation on Genting Singapore (GENS) with an unchanged target price of $1.15 despite strong growth reported by Las Vegas Sands Corp (LVS), the operator of Marina Bay Sands (MBS).

Broker's Calls

UOB stands pat on Genting Singapore amid ‘unexciting’ industry growth

SINGAPORE (July 31): UOB Kay Hian is keeping its “hold” call on Genting Singapore (GENS) with an unchanged target price of $1.15 on the back of expectations of an unexciting second half in 2017.
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