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Most welcome Cheng. As always hope the best for Genting. Hopefully GenM able to sell off Miami assets and successful secured the Alzheimer's drug FDA soon..:)
GenM catalysts sell of Miami assets may realise over US1 billion profit and New York gaming license. Others only can see Resorts World Genting profit to offset any losses from Empire while if successful bid for the New Yotk license could be turnaround for GenM. Genting catalyst may be stablise Resorts World Las Vegas revenue and profit contribution, power and gas segment from year 2028 and if successful Alzelheimers medicine. Resorts World Singapore to generate consistent profit for Genting.
Suppose Empire Resorts 51% shall worth around US140 mil.. if it is sell at discount to GenM at US41 mil may be good while allow 100% control but due to Empire Resorts still loss making means GenM may shoulder more losses. Need see how market react on Monday
Most important are improving operations, if it willing to diversify the Miami, Bimini and Egypt operations could conservative cash out easily US1.5 billion which could substantially impose cash flow either reduce debt or standby casho bid for New York licence while focusing to expand revenue and profit contribution from natural gas and power operations. Combined and listing Las Vegas and New York if successful bidding and Alzheimer's drug if successful will be bonus.
