2024.07.18
seneca niagara casino gamesResorts World Las Vegas, which opened earlier this week, could set the stage for operator Genting Berhad to pursue a US listing of its shares. For example, Monarch Casino (NASDAQ:MCRI) owns just two gaming properties, while Okada Manila — a single property entity — wants to trade in the US through a merger with a special purpose acquisition company (SPAC).However, Genting Americas could add heft to its publicly traded portfolio. Genting Singapore, the operator of the Resorts World Sentosa integrated resort in that country and a leading contender to bring a gaming property to Japan, is also publicly traded.Genting Americas PreviewThe Bernstein note doesn’t explore the technicalities of the shape Genting Americas could take if it does, in fact, pursue a US equity.It’s possible the holding company could be focused entirely on Resorts World Las Vegas. casino near me new yorkFor example, Monarch Casino (NASDAQ:MCRI) owns just two gaming properties, while Okada Manila — a single property entity — wants to trade in the US through a merger with a special purpose acquisition company (SPAC).However, Genting Americas could add heft to its publicly traded portfolio. In 2019, analysts noted the company could combine the New York assets, Resorts World Bimini Resort and Marina in the Bahamas, and a 30-acre parcel of land in Miami the company wants to build a casino on into a publicly traded US entity.Analysts estimated such a company could be worth .5 billion to .9 billion by 2025 — a figure not including the .3 billion Sin City venue.Bernstein adds that if Genting is serious about a New York listing, it may need to develop an iGaming strategy, which it currently lacks. But the research firm didn’t mention when that could happen, nor did it speculate as to whether the operator would bring a US version of its stock to the Nasdaq or New York Stock Exchange (NYSE).With the opening of Resorts World Las Vegas and a strongly rebounding US gaming industry, and if Genting’s his aliante casino a station casinoistory is any guide, a Genting Americas US listing may be coming at some point in the future,” said the Bernstein analysts in a recent note.It’s not a stretch to think the operator will seek a US-listed stock. riverwind casino fireworks free slot games cash frenzybellagio casino and fountainsAmid financial struggles, the business was taken private by Genting Malaysia in late 2019.Previous SpeculationPrior to Resorts World Las Vegas opening, there was some talk Genting could list in the US. “It’s setting a new standard, and it’s raising the bar very, very high.”Local tourism and media representatives have expressed hope that Resorts World will help bring new life to the slow-to-revive north end of the Strip. For example, Monarch Casino (NASDAQ:MCRI) owns just two gaming properties, while Okada Manila — a single property entity — wants to trade in the US through a merger with a special purpose acquisition company (SPAC).However, Genting Americas could add heft to its publicly traded portfolio. big fish casino money glitchReturning patrons at Harrah’s Philadelphia will find a rearranged casino floor that features 563 fewer slot machines at the Caesars Entertainment property. Resorts World Las Vegas, which opened earlier this week, could set the stage for operator Genting Berhad to pursue a US listing of its shares. Resorts World is beautiful,” Tommy Canale, a Las Vegas podcast host, told Casino.org. twin river casino online chumba casino how to playslots 500 casinoThe new Resorts World Las Vegas on the Strip, seen above. The new Resorts World Las Vegas on the Strip, seen above. Parent Genting Berhad is a sprawling conglomerate with multiple listed entities. The casino recently gained approval to remove 563 machines. While most publicly traded gaming operators run multiple, in some cases dozens, of venues, it’s not unheard of for listed companies in this space to have small rosters. “It’s setting a new standard, and it’s raising the bar very, very high.”Local tourism and media representatives have expressed hope that Resorts World will help bring new life to the slow-to-revive north end of the Strip. wild horse pab casino indian reservation can a casino rig a roulette table |