Thursday, January 26, 2012

Genting SP

Genting SP: They refused to divulge casino traffic, but both integrated resorts (IRs) were upbeat about the number of visitors that came calling as the Year of the Dragon kicked in.
The Shoppes at MBS saw visitation figures over the last four days of this festive period (Jan 21-24), increase 21% on avg over the same period in the last CNY, likely boosted by the opening of the Bayfront MRT station on Jan 14.
Last year, MBS said it received 885k visitors, including hotel guests, shoppers, diners and tourists, over the four-day CNY holiday weekend from Feb 3-6.

Separately, a RWS said it received > 125k visitors in the first two days of the CNY holiday. There was also 'a surge in guest numbers to Universal Studios Singapore, as families took advantage of the long weekend break'.
Last year, RWS received 150k visitors in the first two days of the CNY holiday. But over the four-day holiday period (Feb 3-6), that figure jumped to > 400k visitors, including those to the resort's public areas.

A foreign brokerage house said GENS could see flat to lower VIP gaming revenues in 4Q11 due to the delayed opening of the 200-luxury room Equarius hotel and 20-plus beach villas to the first quarter. Equarius and the beach villas were supposed to have opened by Dec. The house added that, with the shorter window between Christmas, New Year and CNY this year, GENS could also see lower VIP volumes than last year.
Meanwhile, MBS may see sharply lower VIP gaming revenues for 4Q11 as it apparently turned hawkish about giving credit to gamblers in the wake of global economic uncertainties.

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