GENTING Singapore

GENTING Singapore's plans to build a casino in South Korea have been stalled, Channel NewsAsia (CNA) reported yesterday evening, citing a statement from the mainboard-listed casino operator. The postponement is to "allow the company to brief the newly-elected governor of Jeju and his team on the casino's development plans and its contribution to Jeju Island. Previously, Genting Singapore had said that Resorts World Jeju was expected to break ground in Q3 this year, and slated to open in stages three years from now. With Genting Singapore's recent sterling Q1 results, some analysts have been recommending a buy on the stock, as they expect the Jeju project in South Korea and a potential bid win in Japan next year to boost the share price.