QUOTE(danmooncake @ Feb 28 2011, 01:00 AM)
GENM growth?
GENM is already canalizing itself with RWS as its own competitor. Very stupid move.
Added on February 28, 2011, 1:02 amWould like to see 1465-1475 first before 1580-1600.

Not GenM lah, I said Genting mah. It's Genting group loh.
GenM divvi where got under 1%, onli Genting mah.

I don't think RWS is a wrong move at all. In fact, it's a great move for the group.
GenM domestic revenue and EBITDA dropped about 1-2%, while GenSP contributed 47% of the entire Genting's EBITDA.
You called that a stupid move?
1. If you want your house becomes pretty, you need to dump all old furniture away and buy all new one.
2. Imagine how many more protest will there be if Genting announced that they want to further enhanced Genting Hill in a big way. Besides, even if they kill all the protesters by machine guns and booms, to have major constructions around current Genting hill will for sure disturb a lot of gamblers (probably even Feng Sui concern).
3. To fight with the Sands, gotta be as close as possible with them, and fight them face to face. Imagine, Sands got erotic shows but our Genting hill too halal to have that. How to fight? Just an example. Don't be too sensitive.
4. simply because people like "new things". The sands is new, so RWS is new too. Then only can equally fight.
Genting is definitely smarter than you and me.
This post has been edited by yok70: Feb 28 2011, 02:30 AM