KUALA LUMPUR: Marina Bay Sands’ (MBS) recently released second quarter results showed total gross gaming revenue at US$774mil, up 12% year on year, but CIMB Research remained unimpressed with the casino resort sector in Singapore, saying MBS’ growth was due to the previous year’s low base.
“The underlying trend of the business shows that Singapore’s integrated resorts are struggling to show growth,” it said, as it maintained Genting Singapore, the other player in the market, at Underperform. Full story
