Tag Archives: Genting Singapore

Last week’s unexpected devaluing of the Yuan by the People’s Bank of China’ will likely have negative impacts throughout Asia’s casino and leisure industry, according to numerous Asian business analysts. Aimed at stabilising the national economy and maintaining growth and employment rates, the devaluing of the Yuan is thought to represent China’s largest depreciation its ¥. currency for twenty years …

Exchange rate impacts combined with a decline in derivative asset values have swung Getting Singapore into the red, as the Asian gambling operator declared combined losses of SGD $16.9 million (£7.7 million) for its Q2 2015 performance (period ending 30 June). Ahead of its performance update, Genting governance had issued a profit warning to the Singapore stock exchange. Genting would …