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Wednesday 20 July 2011

Genting Singapore bought BVI company stake in strange deal | BVI

Agen Ting Singapore Plc, the third casino companies on the market, turned a profit in the first quarter after drawing more customers to your station in the city-state.

The company posted a net profit of $ 305.4 million in the three months to 31 March compared with a loss of $ 396.3 million last year, said Singapore-based Genting said in a statement. Sales have almost tripled to $ 922.6 million.

 

Genting, which owns one of two casinos in Singapore, is to attract more players and tourists with their U.S. offices $ 4.7 billion (5.8 million) and attractions, including Universal Studios Singapore in Sentosa in the south of Iceland. The company plans a maritime museum, water park and two hotels to boost growth to open.

"Singapore is well positioned to increase the in casinos in Asia to conquer because of its location as the gateway to Southeast Asia," Sachin Nikhare, IIFL Capital analyst said in Singapore, 9 in a report May IIFL capital en Singapore informed the UN 09 de Mayo.

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