Analyst Research Report Snapshot

Title:

Flash Note – Genting M’sia (ADD, maintain) - Launch of Resorts World Bimini

Price:

$12.00

Provider:

Affin Investment Bank

Date:

01 Jul 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

GENM.KL

Available for Immediate Download
Summary:

Bursa Malaysia announcement GENM announced the opening of Resorts World Bimini yesterday evening. The resort is developed and owned by RAV Bahamas Ltd. GENM will operate and manage the Bimini casino, with a 50% JV stake in the casino. At the same time, GENM owns 100% of the ferry operations known as Bimini SuperFast. This is a 32,000 tonne cruise ship that will sail round-trips between Miami and Bimini, twice daily. The maximum seating capacity is 1,500 and the cruise ship features gaming facilities onboard, with six restaurants and bars, as well as the largest party deck in Florida.

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