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Las Vegas are too competitive.. however if its able to get New York license eventually combined Las Vegas and New York and listed in US as Genting US then will improve cash from funds raise..
From past records Genting doing well in Malaysia as monopoly business while Singapore due to one out of 2 licenses (Olipogoly business model). Overseas expansion especially tough competition and high tax like UK don't seem have growth. US if get the New York one out of 3 licenses perhaps could be game changes but may increase debt level too b4 operation start.. US5 bilion.
Sell the Miami land, UK and Egypt operation to reduce debts and conserve more cash for expansion then possible see immediate price reaction.. definifely settlement with Nevada Gaming board is utmost important also.
What to do.. adamant to overseas expansion. Lower dividend propose by GenM also due to conserve capital for New York need US5 billion and Thailand US3 billion if successful bid.. sell all underperformed overseas assets and maintain GenM and GenS while diversify more stable revenue like green energy and power and plantations better.. if enter those with limited license less competition..
