Genting Malaysia very jiak lat! Lost 5.5 billion ringgit in ONE day!
#41
Higher duties to weigh on Genting’s ebitda: Moody’s

Genting’s Bhd earnings before interest, taxes, depreciation and amortisation (ebitda) is expected to decline by around RM650 million in 2019 under a stressed scenario, where casino duties of additional 10% on gaming revenue start from Jan 1, 2019, said Moody’s Investors Service.

The rating agency said the increase in taxes, fees and levies in the gaming industry announced in Budget 2019 is credit negative for the group as the changes, particularly the increase in casino duties of up to 35%, will cause a decline in earnings contribution from its Malaysia leisure and hospitality segment and consequently weaken its leverage.

Genting currently pays casino duties of up to 25% on gaming revenue.

Moody’s also said the group will be affected by higher casino licence fee (from RM120 million to RM150 million per year) and higher machine dealer’s licence (from RM10,000 to RM50,000 per year).

The rating firm noted that the expected decline in Genting’s ebitda will erode the likely initial gains as a result of the completion of its Genting Integrated Tourism Plan (GITP) at Resorts World Genting.

http://www.thesundaily.my/node/589106
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#42
8-11-2018 8:36 AM
debono said:
Bolehland have no choice, when they abolish GST, they tend to lose billions of ringgets, so must tax those that make the most money, Genting Highlands casinos........But I believe still there will be many tourists gaming in the casinos there, because gambling is an addiction, and cannot be easily be given up, unless one goes "cold turkey"...........

They can come to Sentosa Genting .
[+] 1 user Likes lone8's post
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#43
Genting Malaysia never offer enough under table money to the new government. Anyway they deserve it. Genting company like robbers. Not a good company. Lousy employer too unlike mbs.
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#44
9-11-2018 6:46 AM
Global said:
Genting Malaysia never offer enough under table money to the new government. Anyway they deserve it. Genting company like robbers. Not a good company. Lousy employer too unlike mbs.

MBS very good meh?
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#45
thumbs up thumbs up thumbs up Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing
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