Rivals, bad luck cut into Malaysia casino operator stock

Article Abstract:

Casino operator Genting of Malaysia has seen its stock price reduced roughly by 60% since the middle of 1995 due to more intense regional competition and a diplomatic squabble with Singapore. Moreover, high rollers, who were once regular clients at the Genting Highlands resort, have opted for the new, fancier casinos in the Asian region. Investors avoid Genting as the company's stock are not as defensive as the other stocks such as Petronas Gas, Sime Darby and Maybank.

Malaysia, Securities, Genting Bhd.

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Investors hedge their bets on Philippine casino firm

Article Abstract:

Few investors have put their money in Mondragon International Philippines (Mondragon) despite analysts' positive outlook on the company. Mondragon, which plans to build Las Vegas-style casinos in the Philippines, continues to trade at the bargain-basement level of 8.3 times forecast 1996 earnings. Many investors are interested in the company but they have adopted a cautious stance amid fears that the company's gaming license may be canceled.

Mondragon International Philippines

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The new role model for Macau is Atlantic City

Article Abstract:

The city of Macau, famous for the gambling monopoly run by Sociedade de Tourismo e Diversoes de Macau (STDM), will offer three licenses to gaming companies in hopes of rescuing the ailing economy. Tourism is the largest industry with gaming taxes making up half of the city's revenue. The government hopes to maintain this revenue while cutting down crime and cleaning up the city.

Government regulation (cont), Strategic alliances, Macao, Government revenues, Recreation, Sociedade de Turismo de Turismo e Diversoes de Macau

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