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 Genting Malaysia, Resorts World

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hengwoon
post Jul 2 2010, 01:02 AM

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Junior Member
48 posts

Joined: Sep 2007
From: Kuala Lumpur
QUOTE(ruztynail @ Jul 2 2010, 12:39 AM)
lengthy-nya......

lets put it this way, from where i am seeing it. 3 major points :

GENM has a cash hoarding of 5 BIllion,
GENUK operations are on a decline, operations structure are not as good as RANK's G-casino concepts. Badly needs refurbishments.
GENS on the other hand needs to concentrate on their current operations. Insufficient cash for distribution. (look at the debt thy assume... u'd get the idea)

who else can provide that sort of capital injection??

Maybe you werent aware, GENS and GENM both have very capable COO leading the company to glory. And there is a very obvious reason why GENM's COO cant jus go over to GENS to make good with GENUK.

there isnt sufficient resources to do anything...

but i guess this is IMO la. haha.

wat do u guys think? you'd think GENUK operations are that bad? i guess it has to do with the huge taxes thy are charged on.
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I don't like how they are just selling GEN UK to GENM. The UK casinos still aren't doing very well, and it just seems like they are disposing the not so profitable businesses to genm and get some of genm's cash over to gens.

They can do so much better with the 5b cash in hand.

 

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