Alan, US has passed stimulate package up to USD 4.8 tri since 2020 to curb the pandemic, meaning more liquidity in the US market. I'll let the room for you to think how this would impact the Genting casino or the entire gaming industry in Las Vegas..
There is a total of 155 casinos in operation across UK during pre-Covid times. Out of 155, Genting UK owned 42 casinos. Casinos in Europe are different from Malaysia whereby you can easily find a casino at main streets that mostly operated in shoplots. Their bet size is also generally smaller than Genting Malaysia despite having higher currency rate.
In fact, Genting UK actually has online casino lisenced by UK Gaming Comission allowing UK citizens to play it online. This could be their business direction in the future to further justify closing down those brick and mortar casinos.
yes, kyory... This stock is getting hot, everyone come to comment here. For sure there are people waiting to sell and another group waiting to buy... Once massive swapping of ownership done it will continue to rally...