Barefoot Investor: Genting Singapore

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Singapore Market: Genting up after rival’s strong result

Shares of casino operator Genting Singapore (GENS.SI) rose as much as 4.4% today after the strong third-quarter performance of rival Marina Bay Sands boosted sentiment about the overall gaming market in the city-state, reported Reuters.

The Singapore casino of Las Vegas Sands (LVS.N) delivered US$414 million ($515 million), exceeding internal projections, driven by a 37% surge in high-roller gambling volumes.

At 9:24 a.m., Genting Singapore shares were up 3.2% at $1.755. The broader Straits Times Index <.FTSTI> was 1.2% higher.(The Edge Singapore)

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