Genting SP

Genting SP: says it expects Japan to pass laws to sanction casino gambling within the next 12 to 18 months, as Japan's Liberal Democratic Party--which has been in favor of legalizing casino gambling—is seemingly poised to return to power after elections this month. GENS has previously expressed an interest in developing new properties elsewhere in Asia, including in Japan and South Korea. Says it is studying various Asian markets, but believes that an investment opportunity is mostly likely to materialize in Japan first. GENS raised $2.3b by issuing perpetual securities earlier this year, but has yet to undertake any major investments with those funds so far. The stock is +0.4% at $1.245.