time will tell whether Singapore's gomen plan with regards to Greater Sentosa Master Plan will meet its objectives of integrating the development of Sentosa with the neighbouring 120-hectare (200,000-square-metre) Brani Island, creating an expanded tourism precinct featuring new landmarks, reimagined beaches and coastlines, enhanced transport infrastructure and a stronger emphasis on nature-based experiences.

GenS will not have the financial resources to embark on expansion to Japan at present. US assets listing is the only way forward for Genting Group. With the additional financial resources available, they can then made RWS property more premium and more appealing to higher-value customers before MBS completes their Tower 4 expansion. There are very few casinos that have the financial muscle to buy out RWS at fair valuation currently based on casino duopoly in one of the world’s top gambling venues.

Soon, they will be working for the banks if borrowings position and interest rate/funding cost continues to increase ! Borrowings position kept increasing QoQ/YoY and high finance cost that ate into meagre QR profit for a gaming industry PLC.
From previous Cash rich company to high Nett borrowing company.

根据彭博市场数据，云顶过去52周累计下跌26%，表现逊于彭博追踪的同业股平均跌幅1.2%，同期富时马股指数则上涨11%。

不过，云顶近期股价走势明显回暖，过去5个交易日累计上涨8.1%，过去30天则上涨0.4%。

估值方面，云顶目前以未来12个月预估每股盈利13倍交易，过去12个月每股盈利则相当于0.7倍。

该股目前市账率（P/B）约0.3倍。

Malaysia’s tax/duty increases on gambling and casino gaming in Budget 2027 (only 2 months away) is always a meaningful possibility since Government need additional revenue. The government might even consider raising the annual casino gaming licence fee from RM120 million to RM150 million and gaming tax on casinos to 35% of gross gaming revenue (GGR).

adjusted ebitda for rwlv is indeed at ~100mil which translates to 13.3% margin versus 200mil 24% margin in q1fy26, daniel. fy25 quarterly adjusted ebitda margin for rwlv was below 10%. feels like a mix of seasonal revenue and fixed cost if you will. RWG and RWS adjusted ebitda margin are good. Its the US assets dragging the performance again whereby the margin is in tens.

US assets return just not good enough due to stiff competition despite taking up such high Group debts. Otherwise, other more prominent global gaming company would have pursued previous US licence bidding. Without US assets listing soon, it is better to exit the position.

Ever since RWLV was built, depreciation charges to Genting has increased ~RM1B a year. Together with interest expenses around RM0.5B a year, RWLV has to make at least RM1.5B in annual ebitda to breakeven. At the current run rate of ~RM500M annual ebitda, there will be at least RM1B of loss coming from RWLV alone. That's why we are seeing profit in almost all other businesses such as GenS,GenM,GenP but still seeing losses in GenB.

new low at the back of positive remarks from analysts :) “We forecast Genting Malaysia’s U.S. operations – Resorts World New York City, Resorts World Catskills, Resorts World Hudson Valley,” and “Resorts World Bimini” in the Bahamas, “to contribute 36 percent to group EBITDA in full-year 2027 or up 20 percentage points from full-year 2025,” wrote analyst Samuel Yin Shao Yang.
Maybank said that, in particular, it was “bullish” on RWNYC, in downstate New York. RWNYC had been an electronic-games venue, but relaunched at the end of April as a full-service casino after winning a full casino licence from the state authorities. The venue will undergo a US$5.5-billion expansion up to 2030, as a condition of its new licence.

“From 242 new tables deployed” at RWNYC “on 28 April 2026, U.S. EBITDA jumped 169 percent quarter-on-quarter to MYR216.6 million,” Mr Yin observed. The analyst added: “Third-quarter 2026 to date, RWNYC gross gaming revenue (GGR) has also been trending higher as operations ramp up. It plans to raise its table count – including deploying VIP tables – to 400 by early next year.”
“An additional 150 tables is expected to be added by January 2027 in existing space, bringing the total number of table games to 400. The final casino should allow for 6,000 slots and 800 tables by January 2029,” said the investment bank at the time.

not easy to hold on to Genting shares as it s at the mercy of the boss Lim. But I believe it s almost there. this is like the bottom and most depressed point in Genting. the boss would throw all the worst news and negative results ever by Q3 to squeeze out majority shareholders.

400 table games by Jan 2027 vs the initial 240 tables; VIP tables incoming. Additionally, the total slots machine has been increased from 2500 to 3900 last month. look forward to q3 - summer holiday followed by year end - xmas and new year holiday season.

thus, I don't think there would be any good results for the next 2 quarters. don't forget he may need to suppress genm price for his upcoming privatization again in Dec. so that would easily mean he won't let the price runs until then.

genting sold 5% of flng will contribute to next qe...which 130-140m myr...
lkt salary never cut even qe look bad ..and why he care about qe much ? he did mentioned at AGM... and won't support share price anymore...let's hope any surprise of taurx and up coming FLNG..
last time one genting msia and gens... share price RM8-10 with 25-30b market cap...
until today... only 7.9b... feel shame of it

TauRx is currently awaiting the outcome of a marketing authorisation application submitted to the Medicines and Healthcare products Regulatory Agency (MHRA) for its lead drug, a tablet intended to target early Alzheimer’s disease. A decision is expected this year. https://nrtimes.co.uk/taurx-brings-patient-advocacy-groups-together-in-london-as-mhra-decision-looms/

there would be a specific EAG review scheduled on Sept 16 and CHM scheduled on Sept 17. these two meetings mostly would discuss on the taurx drug.I said this because the specific EAG on Sept 16 is a subgroup for Neurology, Pain and Psychiatry which Taurx drug falls under this expertise.

lets wait for the q3 results and evaluate the mgmt performance by then; particularly cost efficiency :) seasonally strong tourist arrivals in Jul and Aug for SG and summer holidays for RWNYC and RWLV. hold rate for RWNYC is pretty consistent at the 19-20% which is pretty good. July was a strong month for Strip's casinos

There’s sufficient information from the financial and market signals. No need for conspiracy theories :)

The bigger question is cash flow and leverage: TTM Jun-26 operating cash flow was RM3.90b, but capex was RM5.64b, giving negative FCF of RM1.74b. Net debt reached RM28.1b, while interest coverage fell to 1.69x.

So personally, I wouldn’t assume we’ve seen the bottom yet. The key is whether cash generation improves and debt starts coming down.

Dr. Cheng Sifu, perhaps you can advise on the latest status of TauRx and HMTM? That could be an important part of the picture.

no doubt rwlv is improving but ebitda margin has to go higher to twenties; dragged by operating cost/expenses - overhead and fixed cost. show us the results if you will :) lets see how are you doing in Q3 with the summer package. https://www.reviewjournal.com/business/casinos-gaming/resorts-world-enters-its-next-chapter-after-5-years-on-the-strip-3892214/

Genting America Inc vs RAV Bahamas case: Genting filed motion to dismiss the case recently back in May'26 and hearing in progress. no decision from the court on the motion yet. Something else came up in the meantime whereby RAV's boss Capo is being sued by his own son-in-law. Lol, no pun intended. Quickly sort this out and dispose off the Bimini Resort business which is dragging the group. https://www.tribune242.com/news/2026/jun/16/capo-son-in-laws-two-decade-tax-fraud-claim/

The Miami land turning into Miami Bay Towers. The project is a proposal by the Gómez Platero architecture firm that envisions four towers, a 300-room hotel, retail, and public spaces. Right now, it's just an idea, and has not been approved for construction. - In 2023, Genting announced a deal to sell the property for about $1.225 billion to SmartCity Miami, a group linked to developer David Martin and Terra. Local leaders greeted the announcement with optimism. Then-Mayor Francis Suarez even publicly highlighted the site’s strategic value. But the transaction never closed. SmartCity sought extensions and changes to the deal terms—requests Genting rejected. The offer was ultimately withdrawn, and the property remained under the control of entities tied to Genting.

What’s being proposed now?
Based on the available information, the property remains linked to Genting. In 2025, filings were also made with the Federal Aviation Administration (FAA) related to towers between 642 and 645 feet tall—another sign that options for developing the site continue to be explored. The proposal presented by Gómez Platero calls for four staggered towers, with open spaces between the buildings to preserve bay views and encourage natural light and ventilation.

The plan includes about 689 residences, a 300-room hotel, shops, restaurants, a marina, and a public waterfront promenade. It also envisions phased construction, with two towers in the first phase and the other two later.

How viable is the project?
Gómez Platero describes Miami Bay Towers as being in the concept and schematic design phase—an early step in the planning process. That means it still lacks all the required regulatory approvals and does not yet have an official construction timeline.
Not all the key elements needed to deliver a project of this scale—such as final permits or construction financing—have been publicly announced either.

Even so, today’s context is different from years past. The area around the former Miami Herald site has undergone a major transformation and continues to attract real estate investment. And the location along Biscayne Bay—near the Pérez Art Museum Miami, the Adrienne Arsht Center, and several public transit options—keeps the property among the most appealing on the local market.

whether approve or disapprove, the taurx decision would be given by Oct or Nov. just two more months the most. Gent price has already been at rock bottom. if you are still holding until now, you can hold for another 1.5-2 months. you may not recover back your rm6-8 entry price but with the approval, gent should recover back to rm4++ due to taurx valuation. if disapprove, well there s no more impact to Gent as Taurx was never in its valuation all this while.

TauRX Cheng, Genting, huh? Hahahhaha, Nice assets. Nobody is arguing that. But the annoying question is ....... if it’s so undervalued, what exactly wakes Mr Market up?

SOTP looks beautiful on Excel, but Excel doesn’t buy shares. Good assets can still become a bad investment if returns stay mediocre and capital keeps getting stuck.

So what’s the catalyst? Better ROIC? Stronger cash flow? Buybacks? Asset monetisation?

Also, for transparency ..... what’s your average entry price on Genting, and how many lots are you holding? Because conviction is always easier to measure when real money is on the table. 😏

Are we buying a hidden gem… or just waiting for tourists who never arrive? 🎰

HAHAHA

TauRx Cheng, how much longer are you going to hold?

From 3.50, you kept saying, “Hold first, hold…TauRX...coming” But now it’s down to 1.80 and you’re still holding?

As an forum guru, didn’t your remisier ever teach you how to cut your losses? 😅must be holding paper loss of many companies... no pun intended too.