Singapore Stock Market News
Genting Bhd - Potential Japan gaming liberalisation
StockFanatic
Publish date: Thu, 24 Oct 2013, 11:05 AM
StockFanatic
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According to a foreign news daily, Japanese authority has started to initiate a plan to liberalise casinos, with an outline of proposed legislation allowing gambling resorts to be developed not only in big cities but also in regional areas.
If the casino bill is passed during the next legislative session, which begins in October 2014, Japan could open its first casino resorts as early as 2019. We are positive on the developments and expect buying interests to emerge in Genting Bhd. We maintain our Trading Buy recommendation with an unchanged TP of RM11.24.
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