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it requires min 250M net profit for Q3 and Q4 respectively to convince pessimistic funds/insti (low growth, high risk) to join hands with fellow optimistic funds/insti (high growth, low risk) :)
that's right, Eddy. For now, I do not think they will make a move until they see min 250M net profit in Q3. And another move in Q4 with the same expectation of min 250M net profit.
I am at lower level 2. Level 4 will be tough and its only possible to reach there with RWNYC full casino license and exit of Bahamas. Hope you have a game plan to manage it accordingly.
Eddie is right on the breakeven price based on the last 5 fiscal years dividend payout. Perhaps your game plan should consider both your own liquidity and the presence of driving factors that warrant a valuation above 3.2. Just my opinions, could be wrong. Hope it helps.
In the article shared by Eddy, it is mentioned that Montriegn resort (a fully owned subsidiary of Empire) won the full NY casino license back then. Now, GENM owns a majority of Empire. So, does this mean GENM actually already has a full NY casino license?
Montreign is Catskills, Jiashen. Empire has two assets - Catskills and Hudson Valley. Full casino license here means video gaming + table games. No table games at RWNYC for now. A full casino license will be an immediate upgrade to earnings as no construction needed :) the cost allocated for the project is for development of the area - hotels, business centre and etc.
if anyone here love gambling as a leisure, he should understand that this counter is like gambling, when the house wan to pay u, you will win until 怀疑人生, if the house wan to tapao u, u will pay until you 怀疑人生。。。。I keep this counter because, honestly, gambling in Casino is really fun.....look at Jho Low, two days can lose up to USD13m, celaka him, why didn't he go to Genting Highland and give us the business
kok, confirm not a frequent casino guests, one knows if you r able to lose usd13m, definitely they won usd13m before...赌场不怕赔钱，最怕赌客不来...problem with GenM is cash flow, another is internet gambling which if Madani gov want to take action, tml all online gambling can close shop liao
