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$GENTING SINGAPORE LIMITED(G13.SI)$ Genting Singapore is well known for Resorts World Sentosa located in Sentosa Island.  It is a Tourist Destination and was badly hit by the Covid-19 pandemic.

However there is green shoots of recovery lately as the share price has inched higher. 

Performance wise, 3rd quarter 2021 was lack lustre as the gaming revenue decreased by - 13.9% quarter on quarter.  However it outperformed its arch rival, Marina Bay Sands which dropped - 35%.  This is largely due to restriction capped at 2 players per table and alternate jackpot machines.

It also had to ditch its plan to built a casino in Yokohama Japan as the new mayor is anti gambling.

However the good news is that with the opening of Singapore to international visitors, Resorts World Sentosa will definitely see an increase in visitors.  Also the local Singaporeans will be making a beeline to Universal Studios, Adventure Cove, SEA Aquarium and to the casino as well.

It is a good time to buy into $GENTING SINGAPORE LIMITED(G13.SI)$ as it is definitely a great recovery play.   Being one of the only two casinos in Singapore, it does have a wide moat. 

@Tiger Stars

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