How Genting Singapore will benefit from Japan's US$10b gaming market

New gaming bill underway.

According to DBS, Genting Singapore's  (GENS) 2Q13 to be announced on 6 Aug evening may show similar strength as  Marina Bay Sands. On the back of this, DBS noted that Japan is an attractive US$10bn market where GENS can diversify earnings and boost growth. GENS and Las Vegas Sands are front-runners given their strong balance sheets and IR operating track records.

Here's more:

Japan may accelerate approval for gaming liberalisation given the strong mandate for current Prime Minister in the recent upper house election.

New gaming bill may be tabled as early as Nov, and it could take another 2 years for legislation to be up including deciding which prefectures to
house the integrated resorts, and selection of operators. Thereafter it will take 3-4 years for construction.

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