Ikan Bilis are dealing with Gaming tycoon. The hidden Ace Joker will be used as >100m shares @ 2.35 can be easily accumulated within this week for “regulatory” Bursa delisting (not automatic as it is < 90%) to take place in due course once public shareholdings spread < 25%. Genting already fully compliant based on their full disclosure in their offer documents.

Lol, limit up. RPT of Empire Resorts to GenM - thats a pro move. 73.13% right at the closing date when many thought that it will not be even close to 70% - thats a pro move. Privatization of GenM to make way for restructuring and US listing - thats a pro move if US listing is successful.

There is no automatic 1-year”waiting period” under the Code that says a 73% holder must wait 1 year before buying more — at least nothing in the publicly available Take-over Rules as creeping rules no longer in effect as > 50% and MGO completed. Of course, if subsequent transactions >2.35, previous offerees that accepted have to be compensated accordingly based on on the differential.

High risks for NY casino successful licence bid based on huge CAPEX & expensive borrowings required (instead of internal funds) if we look at the recent closures of casinos in USA & Macau. In addition, Genting total borrowings are rather high now as compared to Cash Rich position previously.

pp wont help in my personal opinion, TN. The only way is to opt for US listing. and that requires restructuring and privatization of GenM unless a win2 approach of special dividend from the sale of US assets which is unlikely now with 73% as of yesterday.

are you referring to genm, jordan? if you look at the shareholdings of genm in annual report - 78.7% shares held by 3.1k shareholders with min 100k shares including Genting Berhad. 73.13% shareholding held by GenT as of yesterday. GenM price came down (supply >> demand) and most likely shareholders with min 100k shares that did not accept the offer changed their mind after seeing Gent holding 73.13% at the offer closing date.

I don't think they will lower the tax for now mainly due to the other's two license holders are operating green field and only able to open their casino by 2030.. means Resorts World New York is the only full casino operators in New York for the next few yrs. Genting request is not to lower now but standardise the tax across 3 players for fair competitions once 2030 when both started. As such, we can only knew whether the authority will standardise as per Genting gaming tax structured.

New York to Consider Regulating Online Casinos. Senator Joseph Addabbo Jr., chair of the Senate’s Racing, Gaming, and Wagering Committee, says New York is ready to have “serious discussions” about online casinos.

Key Takeaways
New York banned unlicensed online sweepstakes casinos earlier this month.
The New York Gaming Commission just conditionally approved three new brick-and-mortar casino proposals.

Senator Addabbo says the next step for the Empire State could be regulated iGaming.
On Dec. 5, New York Governor Kathy Hochul signed Senate Bill 5935 into law, banning sweepstakes gambling. New York became the sixth state this year to do so. The bill was sponsored by Senator Addabbo. But Addabbo isn’t averse to online casino gambling in the Empire State.

In a recent statement, Addabbo said his sweepstakes bill “is not the end of the conversation, but rather a necessary step toward responsible modernization of New York’s online gaming landscape.”

“By shutting down unsafe, unregulated sweepstakes casinos, New York is reaffirming that if online gaming is going to exist in this state, it must be legal, well-regulated, and built with strong consumer protections,” Addabbo said. “With downstate casino licensing progressing and the illegal sweepstakes loophole now closed, the state is better positioned to hold serious discussions about regulating and potentially legalizing iGaming in the near future, possibly as part of the upcoming budget process.

“My priority is to ensure safety, prevent problem gambling, generate much needed, significant revenue, and keep New York competitive with surrounding states.”

With several gambling-related decisions behind it, New York should have more time to consider regulating iGaming. Earlier this month, the New York Gaming Facility Location Board approved three retail casino proposals. On Monday, the New York Gaming Commission conditionally approved all three proposals.

Hard Rock’s Metropolitan Park, Bally’s at Ferry Point Park, and Resorts World’s in Queens were all approved on the condition that they agree to independent monitoring, ensuring they keep the promises they made during the bidding process. It remains to be seen how much competition they could face if online casinos are eventually legalized in New York.

Should be expecting Gent to issue MTNs again for the NY casino license. usd 600mil license fee (100mil more compared to the other two) plus 10% from the usd5.5bil investment within 30 days after the license is awarded. that's equivalent to rm4bil plus cash outflow in Q1'26.

need to sort out GenM's privatization first since ratings downgrade is partly triggered by the move. sort it out, restructure, and list US ops. Use the proceeds from listing to pare down the debt. and lets not forget GenS, and O&G segment will continue to see higher capex in coming years. GenS license periodic review up in 2026 and the review for license renewal in 2027.

the show is not over yet. 3 bil MTN and there should be another 3 bil as initial takeover docs showing 6.3 bil debt financing for the acquisition. So, if the owners are adamant to delist GenM @2.35, should be expecting another 3 bil MTN in the future

the owners are using the profit from the ops to service the MTN :( as for how much is the interest, you can go to Bank Negara website to retrieve the 3 month KLIBOR rate ~3.3% and plus 1.80% which makes it 5.1% interest rate. multiply by 3 bil which is approx 153 mil annual interest payment for this particular 3 bil MTN.

soxai no care,u care,so u loss jo.....soxai thai 想尽办法 take more money inside company only,confirm not in pn17 enough,another not important with soxai thai.....so many people or u also dun believe this story only............Hahahaha

云顶大马将节约现金，通过优化其他营运市场的资本开支，2025至2027财年并不派发股息,known why genting not private,private also not use in this moment,u say near pay dividend time,i think maybe genting will private there moment.....pls dun dreming in ur world la.................if u collection below 3.00 or start collection more lowerest,this share sure can make in profollio,this share in this moment,cannt lose how many,but must use time change money only,bad more buy right issue,always good company no need right issue,but soxai thai cannt confirm,because his think himself,bad name is not care,important money in pocket only........choose genm more nice,good and safety,but price not nice only,give inside invest goreng high jo................

u firs timet known soxai thai,债务no need 处理,important is company not bankrupt only,u first time known this kind not good company management working.......diu...............so why i always says this company can make 1 of profolio only and below 3.01 starting,i have say no buy now later cannt buy this kind cheap company words.......so many share also can collection de,is u known what share need what kind games user only..........if u true use trust think,known deep knownleage and known share market trust world running,u must known why i say lai that......

aoooooooooooo,u call soxai thai this 头脑历害,if i have this kind son,i malu la............if u say poor man angle,maybe u choose this kind playing,i can say this is choose,u need rich............up to u...lazy writting more,u like learning more soxai thai,if u learing little,maybe u also rich man.........

if u say soxai头脑历害,no need soxai thai ceo starting price year to year down lower lowerest la.....maybe u more pro than all malaysia investor,u r one of people say soxai is very 头脑历害 pro man only........i lose,sorry..................

企业有实力目前要收票
也是在谈判中或不相让
一年内三次反弹但还是向下
没利息又要等待散户当然
没信心但这不重要----无论
怎样跌还是有人买进。
债务方面是借力推进企业

soxai mrs xlg i didint say genting or genm cannt collection,is u true known how kind play this genting group games only,if u not have big some money invest,waitting time,boring and himself techinal,if dun knwon and dun have dun play this share only.........