Genting HK

Genting HK: positive comments from its 50% owned Travelers’ JV partner Alliance Global (AGI), which runs the Resorts World Manila. In an interview with the Philippine Star newspaper, Property tycoon Andrew Tan, Chairman and CEO of AGI, remains bullish on the prospects of his real estate, gaming and liquor businesses, saying the onset of the pre-election period and a steadily increasing international tourist arrival in the country bodes well for the group. Expects his businesses to continue picking up in 2H12, as the Philippines remains resilient with sound macroeconomic fundamentals. Notes foot traffic at RWM continues to rise amid a slowdown in the world’s largest gambling market, Macau, and expects more tourists to come. The Philippine stock exchange last closed at 5201, +1% on Friday. The index has been on an upward trend for the past 4 yrs, since the start of 2009.