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Nomura: Strong VIP volumes at Marina Bay Sands bodes well for Genting Singapore’s own hotel upgrade decision
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Nomura: Strong VIP volumes at Marina Bay Sands bodes well for Genting Singapore’s own hotel upgrade decision
The impressively strong performance of its Singapore rival Marina Bay Sands (MBS) bodes well for Genting Singapore and its decision to invest in hotel room enhancements at Resorts World Sentosa (RWS), according to Nomura analysts. It also suggests that RWS could see some minor improvements when it releases its 2Q results next month, albeit still constrained by the fact that its transformation works are ongoing. The comments, from Nomura’s Tushar…
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