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.
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”There will be an explicit ban made against the sharing of casino revenue – in any form or agreement – between VIP gaming promoters and the [Macau gaming] concessionaires”
Macau Secretary for Administration and Justice