RAV Bahamas court case is more to shareholder dispute and no impact perhaps, Vin. Such shareholder dispute case will drag for at least one to two years at the minimum. As for RWLV - that is on the AML complaints and the worst case penalty is license being revoked/suspended which will be detrimental. If RWLV license is revoked, RWNYC full casino license is a small matter; its the end game for Genting group's US segment :) GenM will not be able to break above 3.00 without growth in US segment in my personal opinion. Heavily dependent on MY segment. So, RWNYC full casino license will be important. Having said that, my plan is to eventually lock in the profit from GenM and consolidate into Genting upon RWLV complaints closure. As long as there is no impact to the license, RWLV has lots of room for growth. So, Genting has more room for growth than GenM coupled with the RWS2.0 upgrades on-going, first drop of LNG in 2026, and the wild card - investment in TauRx.

Extracted some of the info from the Q&A with state Gaming Commission Chair Brian O’Dwyer. On track to award three casinos licenses by the end of the year - Nothing will stop the commission from issuing the license by end of the year and public support is important. So far so good for RWNYC. (1) The bids for one of up to three downstate casinos will be due this summer. Is there any chance the winning bids won’t be selected by the end of the year?
The answer is no. It’s been a long process but I do not perceive anything that will stop us from having the licensing action by Dec. 31. (2) Does the process include the right amount of local input? How do you balance trying to have the bids win adequate local support without allowing relatively few individuals from blocking an otherwise quality casino bid?

It’s hard to balance these things. But there are some locations that I know of are very anxious to have a casino in their neighborhood. There are others who can be absolutely opposed to it and think it’s a detriment to their neighborhood. What the Legislature has done is very clear. They have set up this Community Advisory (Committee), which is a misnomer. Basically when they meet, (they) can exercise a veto over the license. If a Community Advisory (Committee) votes against it, then that’s the end of the application. There’s no appeal from that. So it’s important that the communities in which these casinos are located feel 100% comfortable with having those casinos. The Legislature made it very clear to make sure they don’t want the casino shoved down the throat of any community that doesn’t want them. They relied on the local officials appointing a committee to see that the community is satisfied with the way the casino is being operated and how it is being operated. And at that point in time, the community through its elected representatives is satisfied they want the casino there, the application will move forward.

depending on your own liquidity, Ashley :)

No idea, Vin. I am happy as long as the cash generated from operations remained solid, mid to high single digit billions :) You can sleep well knowing that the company is generating sufficient money to pay dividend and reinvest the money into the business :) Realistically, GenS should be flattish still, GenM should be good due to year end holiday, RWNYC, Hudson Valley, Catskills, RWBet should not have much surprises comparing to previous quarter ~ within single digit % for its topline perhaps, RWLV - this may have positive surprise given its peers are doing really well.

Minion Land opened per plan. Next is the luxury all-suite hotel. That should give a big impact to GenS topline and bottomline recovery. https://www.straitstimes.com/life/entertainment/minion-shaped-mantou-immersive-rides-highlights-of-universal-studios-singapores-new-minion-land

You are welcome, Jk.

Well, so far no opposition from the public with regards to RWNYC expansion plan as part of the full casino license bidding compared to some of the proposals by other bidders, Nick. The newly put in place BODs for RWLV has vast experience particularly in regulatory/compliance.

We should see more funds/insti switching from other industry to Genting? :) President Donald Trump revealed his most sweeping economic measure yet Thursday, announcing reciprocal tariffs that could come as soon as this spring, which Trump argues would level the playing field in global trade—though economists project they would increase inflation this year. The Trump administration analysis of reciprocal tariffs will conclude by April 1, Commerce Secretary Howard Lutnick said Thursday, according to Reuters.

Trump said he intends to issue further tariffs “over and above” the reciprocal measures on some key imports including semiconductors and cars.

reciprocal tariffs on steel and aluminium going into US will cause speculative hike on these raw materials. There will be spillover effect on industry that uses these materials - cost will go up, eating into margins. Transferring the cost to consumer may/may not dampen the demand but should not rule out the possibility going into low cycle.

Seabobo is not doing buy call, Tok Tiong. He was gung-ho and kept shouting buy every half a cent down since 16 cents. Thats FOMO. Bukan Fear of Missing Out but Fear of Momentum Outflow since 16 cents. Lol, no pun intended.