• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

Takeaway: VIP distress


Overall, the gaming environment in Singapore remains challenging, particularly in the VIP segment. While MBS held up due in part to high hold, Q1 2015 was another bad quarter for Genting Singapore. Its RWS property lost market share in every gaming category. With no obvious catalysts for growth, Genting Singapore shareholders can only hope for value enhancing corporate activity. Periodic share repurchases are not enough.

Please see our detailed note: