Apr 02, 2015 Newsdesk Industry Talk, Latest News, Singapore  
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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Macau casino operator Galaxy Entertainment Group Ltd has announced Capella Hotels and Resorts as its brand partner for a new ultra-luxury hotel tower (pictured) at the Galaxy Macau resort, in the...(Click here for more)
"The travel demand for May Golden Week looks solid to us, which means good foot traffic in Macau"
Jeffrey Kiang
Analyst at brokerage CLSA