Casino operator Genting Singapore Plc said after market close on Wednesday that it had cancelled a total of 11,989,400 company shares that it bought back in two exercises announced on March 9 and March 11.
At the close of trading on the Singapore Exchange on Wednesday, the firm’s share price had risen 1.09 percent on the day, to SGD0.930 (US$0.682) according to Bloomberg data. But the price nonetheless represented a 32 percent decline on the company’s 52-week high of SGD1.3650.
Genting Singapore, which developed and operates the Resorts World Sentosa (pictured) gaming resort in Singapore, reported net profit of SGD118.9 million for the final quarter of 2014, down by 30 percent from the prior-year period.
Sep 20, 2021The Macau government should give more detailed information on its proposed new regulatory requirements for the city’s gaming sector, in particular the idea of raising the minimum share capital...
”The Macau government is not aiming to trivialise or drive out the junket sector, but to regulate the sector so that it would not hurt Macau’s reputation”
Alvin Chau Cheok Wa
Chief executive of privately-held VIP junket business Suncity Group