Suppply of Gambling Addicts Exhausted

Predatory Gambling has a FINITE life - it works until the market supply of potential Gambling Addicts is exhausted.

MBS operating profit drops 18.5%, Genting shares sink to 2-year low

Jul 27, 2012

By Alvin Foo

Operating profit dropped at Marina Bay Sands (MBS) during the second quarter in part because Lady Luck decided to side with the high roller.

News of the surprise slide sent shares of Genting Singapore sinking to a two-year low on Thursday as investors raised concerns over its profit outlook.

The weaker showing here also contributed to a lacklustre report card by parent Las Vegas Sands, which posted profits and revenues for the quarter that were far below analyst estimates.

Operating profit at MBS for the three months to June 30 fell 18.5 per cent to US$330.4 million (S$414 million), a stark turnaround from the previous quarter.


http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_826375.html