you can refer to lecanemab, the IV drugs for Alzheimer that was approved by UK MHRA in 2024 as a reference for timing. the marketing authorization was submitted in May 2023 and approved by UK MHRA in Aug 2024. Donanemab which is another IV drug submitted its application in late 2023/early 2024 and approved by UK MHRA in late 2024. Pretty much depending on when the regulators will make the decision :)

First is to show recovery signs within the first 6 to 9 months :) If you cant show positive sign within the period, how do you expect others to be aligned with 12 to 18 months timeline. Changes in RWLV leadership - A megaresort on the Strip is, once again, making changes within its leadership ranks, moving two of its top recently appointed executives into new roles. Alex Dixon, who was named chief executive officer of Resorts World Las Vegas in January, will become a senior adviser to the company’s board of directors, the casino-hotel announced Thursday. Carlos Castro, hired as the property’s chief operating officer and chief financial officer in February, will assume the roles of president and CFO going forward.
According to the announcement, Castro “will lead the organization by continuing to attract top talent and usher Resorts World into the next stage of its growth.” In his new role, Dixon will “drive enterprise projects, build new strategic partnerships, and work to develop synergies across the Resorts World properties,” a post on the casino’s social media account read.
“Resorts World Las Vegas leadership knows our best days are around the corner, and this is the next phase in our evolution,” the LinkedIn post concluded.
On Wednesday, Castro addressed the Nevada Gaming Control Board as Resorts World Las Vegas’ parent company, Genting Berhad, had a pending matter before regulators. Castro told the board that the $4.3 billion resort, which was recently assessed a $10.5 million fine, the second largest in Nevada history, for allowing illegal bookmakers to gamble at the property, was in “recovery mode.”
Resorts World Las Vegas “has taken a hit over the last three quarters,” Castro told the GCB, specifically noting that the casino’s slot business has declined. A new senior vice president of slot operations is scheduled to start in June, the property’s new president told regulators.
“We do see recovery coming in 12 to 18 months as that business ramps up and we become more diligent in our marketing and sales efforts,” he said. “We’re comfortable and confident that business will return.”

Indeed, Vin. I will wait until Q3 results to be released to decide whether to hold on or exit. GenS q3 results should at least inch closer towards Q1'24 (with Hard Rock Hotel) performance and RWLV ebitda margins to be more than 15% by then.

Kyory.. Not easy to sell..
Look at miami land... Wait til my son already play badminton with me... Land still haven't sell yet..
I hope some u.s casino tycoon straight away take over genting better. Since outstanding share above 50%

Sell all GenM's US assets is the best way out. RWNYC is the one with the most potential comparing to the rest of GenM US assets but if the online gaming legislation is approved, RWNYC growth will be challenging. It's a risk and better exit earlier when it can fetch a good price.

that is something that the boss has to figure it out :) My job is simple - invest and monitor. if not ok, exit. For the boss, will he risk his prized assets? Two most expensive/valuable assets for Genting group is RWS and RWLV. The next review for RWS by GRA will be in Feb'26. The expectation is high for RWS to keep the tourists coming or risk losing the license over time. Having said that, it needs a lot of capex to keep the attractions updated. RWLV brought in independent oversight team (the BODs) to prevent a repeat of AML and it has to keep the numbers/margins up given that it is the most expensive resort in Las Vegas :) I can understand the Empire decision by Kien Huat/Genting group. It is only logical to preserve the resources for RWS and RWLV while GenM deals with Empire, shareholder dispute with RAV Bahamas, etc.

These prized assets cannot pass on to children if authority decided not to grant license extension. Have to deliver results :) no results, please pack and leave. Lol, no pun intended. RWS investment will breach SGD10 bil by the time it is completed and RWLV is approx USD5 bil. If the boss is not paying attention to these two assets performance, then, it is his own shortcomings. I doubt he would risk these two assets given the focus he is putting into it thus far:)

We have to give up if LKT/the board no longer interested in Gent - spending SGD$10bil for RWS and USD$5bil for RWLV and RWLV space has yet to be fully developed, Vin. The new board in RWLV mentioned about looking into new development which will then bring the total investment in RWLV to be more than USD$5 bil cumulatively in the future.

GenS is solid, Vin. Showing improvement qoq including the recent qtr which is showing slightly more than 2% topline improvement compared to q4'24. RWLV ebitda margins above mid single digit compared to low single digit in Q4. Still far from 30% ebitda margins benchmark but I hope it can be at least 20% in 2 qtr time.

If sold off Egypt and UK operations easily release US300 to US400 millions debts.. then can focus bidding New York license and no worry too high gearing. Focus improving Malaysia, Singapore and US good enough while monitor Thailand gaming license developments better.

Genting hold it all.. No matters is GenM, GenS, Las Vegas, Plantation or Oil, Power and Gas.. so decision in group as a whole although individual structural wise park under GenM like Kien Huat sold Empire to GenM also left hand to right hand.. hehe

Nowadays, the U.S. economy is not doing well, and because of the impact of policies, social unrest has occurred, which also affects tourists to travel... Do you think the business in the United States will get better? BBQ already you know !!!

Thank God Genting is not Titanic :) Genting is indeed facing turbulence but unlike Titanic, it has diversified assets plantation/properties, O&G, lifescience and operating in different geo. Every storm ends as the saying goes :) Don't just jump from one ship to another but rather understand the course and be prepared to sail ahead. Fear based metaphors are easy, data driven patience is hard :)

云顶在这几年都是发展外国比较多。。
Gens 5b plan... Minion land.. Oceanarium.. Takeover UK casino.. Refurbish hard rock to Laurus hotel marriott... Energy FLNG.. and coming up bid for 纽约赌牌..
资产越做越大.. 在短期内要看profit 是不可能的。。给云顶多几年... 你就是什么是真真的＂云顶＂.. 不要别股价影响到.. 看看pchem.. Sime...还有其他的。。那他们前途也会破产？

How much debt is too much? Either you do your own optimum debt calculations for GenT vs it's actual debt ratio which is pretty complex :) or you can compare it relatively with LVS, MGM and Wynn Resorts; debt to equity ratio. And you can also compare the Moody's and S&P Global's credit worthiness ratings for GenT, LVS, Mgm and Wynn :) looking at these data, I doubt GenT is over leveraged.

Lol, TN... Fear based metaphors are easy and data driven patience is hard :) Thank you for sharing your metaphors and I will take note of it in the future when there is objective evidence that GenT is overleveraged; maybe when debt ratio is more than 1.5 conservatively for two consecutive quarters. Have a great weekend and enjoy your evening.

It will be interesting to see whether q3 results for RWLV will be good since they are the only hotel in the Strip area to do so. coupled with q3 for GenS with the opening of Laurus, Oceanarium and the Weave.

probably in two phases, Vin. Aug last year was the start of the decline due to GenS results impacted by Hard Rock Hotel taken down for refurbishments resulting in lower RevPAR and the RWLV AML violation with fear of hundreds of millions fines with license being revoked coupled with GenM RAV Bahamas shareholder dispute. Fast forward, RWLV ebitda margins showing signs of margins compression in Q4'24 while AML violation fine (USD10mil) sorted out nicely. Q3FY25 will get a sneak preview with Laurus (replacing Hard Rock Hotel) opening and the bigger and better Oceanarium opening in July. The new BODs for RWLV has taken actions (marketing strategies) to entice visitors/tourists to its resorts for the coming summer which is a seasonally low traffic footfall in Las Vegas due to the hot weather. The impact of the action will be seen in Q3FY25 results. Phase one will be to recover from the panic sale driven by the Nevada fine and 2nd phase will be earnings recovery for GenS and RWLV.

Cheng, I went to both attraction at SG... Sentosa Universal studio look great..and ofc can earn money but with high expenses.. compare to maribay sand... They seem like more easier n faster way to make profit with very low expenses.. Especially the garden by the bay /dinosaur theme... Etc

You are welcome, Vin. The two most important and expensive assets for Gent - RWS and RWLV. Hence, my personal expectation is that the ebitda margins for these two assets has to be 30% and above. So far so good for RWS while RWLV seeing margins compression which the BODs should be well aware of it.

Cheng,hope this will your second parkson…………加油everybuddy……….i dun have 马股share in hand now,got time only play fast in fast out only haha……..now got free time,my china factory last order deliver to us is on 15 th June……my customer,local big furniture factory last container to us on 12 June………. 闪入不回复哈哈哈

thanks, FB :) lets continue to monitor any risks that could derail the GenS and RWLV recovery in coming quarters. So far so good - favorable forex, low interest rate environment, launching of The Laurus which will increase the available rooms, the bigger and better Oceanarium and Weave, and marketing strategies to entice Las Vegas visitors to stay in RWLV. Globally, gaming/resorts companies are showing positive signs as can be seen from the movement in BJK ETF and MVIS Global Gaming Index since liberation day tariffs. GenT which has always been mirroring the BJK/MVIS Global Gaming Index is seeing divergence since liberation day. It should converge soon given the on-going positive developments. Just my opinions, could be wrong.

Most welcome Cheng! We all hope for Genting glorious day to come back soon.. most probably 2026 or 2027 when Power and Gas division earning kick in and successful bid of New York licence.. but US5.5 billion not small amount to invest too.. like US4 billion+ in Las Vegas last time but New York potential higher.. it as been profitable since operations even without full scale casino license

RWLV and GenS recovery will be significant for Gent given the shareholding percentage and the fact that their consolidated earnings into Gent in 2024 were at the lower end. We should be seeing Gent's recovery to pick up pace given that Laurus, Oceanarium and Weave are opening in Q3, and aggressive marketing strategies being put in place for RWLV.