Beyond 2014

Uncertainty over the GST. The 6% GST will be implemented on 1 Apr
2015. RWG and the NFOs are currently not levied sales or service
taxes, which the GST is meant to replace.

This implies that the 6% GST
will be a new addition to the 25% casino tax that is levied on RWG and
the effective 18% statutory tax and duty rates that are imposed on
NFOs(Sports Toto,Magnum 4d,Da Ma Cai,Sabah Lotto 88 4D,BIG SWEEP,4D STC - Sandakan Turf Club).


Should the gaming operators (and not the gamblers) absorb the
GST, it will cut our GENM earnings estimates by 10-12% on an
annualised basis, our GENT estimates by 5-6%, but our BST estimates
by a high 35-37% and our Magnum estimates by 40-42%.


Genting Highlands are Malaysia’s famous tourist destinations and summer resorts. It is located at the eastern slope of the middle section of Main Range, about 50 kilometers northeast of Kuala Lumpur. The architectural complex is located on the 1772-meter-high Mt. Ulu Kali and is the largest highland summer resort in Southeast Asia. Its casino is the only legal casino in all over Malaysia. Usually, it opens from 10 am to 4 am of the next morning, but on weekends it opens all day for 24 hours. On the entrance gate of the casino, there is a notice showing messages from sultans of Selangor State and Pahang State, which informs Muslims that they are not allowed to enter, and even if they enter, they are not allowed to gamble. At the theme parks, there are exciting entertainment programs, such as Flying Coaster, Genting Sky Venture, Haunted House and Space Shot. On the top of the mountain, there is a 4-acre artificial lake, the train available for children, golf courses and heated swimming pools around the lakes. Besides, boating on the streams is also an exciting experience.





casino operators, see stable future for numbers forecast operators[/size]




“Going forward, we are bullish only on Genting Malaysia due to its RM5bil expansion/rejuvenation plan.





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PETALING JAYA: Analysts are positive on the outlook of casino operators and expect a stable outlook for numbers forecast operators (NFOs) this year.

They said Genting Malaysia Bhd’s RM5bil theme park facelift would be a major push factor to Genting Malaysia’s earnings when it opened its doors by 2016.

Maybank Investment Bank Research said earnings-wise, 2013 had been “relatively uneventful.”

“Going forward, we are bullish only on Genting Malaysia due to its RM5bil expansion/rejuvenation plan. We are less bullish on Genting Bhd due to the uncertain outlook on 52%-owned Genting Singapore. Meanwhile, the two NFOs, Berjaya Sports Toto Bhd (BToto) and Magnum Bhd, face a stable outlook for 2014 but with a substantial negative bias into 2015 due to the implementation of the 6% goods and services tax on April 1, 2015. Only Genting Malaysia is a buy,” the research house said.

Last December, Genting Malaysia announced that it was embarking on a 10-year master plan for the development, expansion, enhancement and refurbishment of hotels, infrastructure and a new RM1bil Twentieth Century Fox World theme park at Resorts World Genting.

The Genting Integrated Tourism Plan, totalling RM5bil, also includes a hilltop development of a three-star hotel with about 1,300 rooms next to First World Hotel and a show arena that can seat 10,000 people.

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New TP at RM 5.70 by CIMB


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Genting Highlands – as it was originally known – opened a casino in 1971 on a three-month gaming licence which has been renewed by the Malaysian authorities on a rolling basis ever since. The possible quid pro quo for the government is that the new investment will help to develop further the country’s tourism industry.

43th year casino !!!!

(1) Hollywood, Casino de GENTING
(2) Genting Casino, First World Plaza (indoor theme park)
(3) Genting Casino(starworld),First world Hotel(open on 26 November 2004)
(4) Circus Palace, Casino de GENTING
(5) Monte Carlo , Casino de GENTING
(5) IR ROOM
(6) VIP ROOM
(7) Club Elite(NOW IS MAXIMS)
(8) Maximx Club(NOW IS GENTING GRAND)


Casino de Genting Starworld is located inside one of the largest Genting Highlands hotels; First World Hotel.


The Starworld casino in the Plaza is a smaller version of the Casino de Genting nearby.

This post has been edited by PLOUFFLE: Jun 7 2014, 02:05 PM

wtf night time suddenly /k/ got share thread, first time see..


anyway.. ur tp type wrong isit?? now genting 9.8 leh

(4715)
4.250

first

fix the goddamn road

anyway anxious for the upcoming Fox World Theme Park

GENTING MALAYSIA BERHAD 4715 RM4.25


different company not 3182 genting berhad

TS got some obsession with genting or something? balik balik genting here genting there

Cukai yang dikutip daripada kasino Genting macam mana guna? Bina masjid dan surau?

Nanti PAS, ISMA, PERKASA dan NGO-NGO Melayu kecoh nak tutup kasino......

pas kata jangan

super bad aura place. nvr bother to go up anymore.

goddamn road
?


no enough wide meh?
or not smooth?

where got?means the casino?meet ghost in hotel?

TS has gambling probs la

fengshui bro.....advantage for the owner....also, so many suicide, unexplained death there...

then las vegas,rw sentosa,sands singapore also cannot go lor.

Go for look see look see ok lah.....but, if u want to go to gamble, my only advice to u, gamble what u willing to lose, not aim how much gain

thanks. seniors.

I'm no senior lah.....just someone who gamble and lost

Anyway, due to greed, initial won, got overconfidence, 100% win, then, as time goes by, lose back....anyway, me small amount only just 0.5% of what /k earning

too many pothole

This implies that the 6% GST
will be a new addition to the 25% casino tax that is levied on RWG and
the effective 18% statutory tax and duty rates that are imposed on
NFOs(Sports Toto,Magnum 4d,Da Ma Cai,Sabah Lotto 88 4D,BIG SWEEP,Sandakan 4d,Special CashSweep砂勞越大萬).


Should the gaming operators (and not the gamblers) absorb the
GST, it will cut our GENM earnings estimates by 10-12% on an
annualised basis, our GENT estimates by 5-6%, but our BST estimates
by a high 35-37% and our Magnum estimates by 40-42%.

This post has been edited by PLOUFFLE: Jun 7 2014, 02:24 PM

will genting earning be affected???