22nd February 2012, 11:53 PM
Casinos doing well
Marina Bay Sands (MBS) raked in a record net revenue of S$1 billion (US$806.9 million) in the fourth quarter last year, a 44 per cent increase over the same period the year before.
Genting S'pore records $262mil profit, eyes investments.
Which is good. They got faith in the Singapore brand. And they know that Singapore will NOT play them out*.
That is the whole idea.
If people invest so much in Singapore and lose money, then we got trouble.
* Compare this with a comapny's experience after being invited to invest in another country and then accused in court of breaking rules and forced to sell off the shares.
Just imagine the money squeezing antics these two casinos would face if they built their casinos in another country.
Last edited by ricohflex; 23rd February 2012 at 07:27 PM.