Genting announce some good news over the weekend! However it's a good news to the company and bad news to retailers because the BBs used good news as an alibi for them to sell a high price to retailers. So as of now, Genting not only is in the Top Volume, but more importantly the price is dipping because the BBs are booking profits!
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DJ Genting Singapore, Landing International Partner to Build $2.2B Casino in South Korea
By Chun Han Wong
Casino operator Genting Singapore PLC (G13.SG) will team up with Chinese property group Landing International Development Ltd. (0582.HK) to develop and run a $2.2 billion casino resort on South Korea's Jeju island.
The project will include gambling facilities, luxury hotels, a shopping mall and a theme park, to be built on a 2.3 million-square meter site, the two companies said Friday in a joint statement.
The resort will be opened in phases starting in 2017, the statement said.
Genting Singapore, which operates the Resorts World Sentosa integrated resort in the Southeast Asian city-state, is a unit of Malaysian gambling group Genting Bhd. (3182.KU)
Write to Chun Han Wong at chunhan.wong@wsj.com
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Ronald K - Market Psychologist - The Big Speculator
