Financial services group Nomura has maintained its “Buy” rating on Genting Singapore stock, citing Thursday’s strong earnings announcement from the company’s local rival Marina Bay Sands (MBS) as evidence of further growth to come in the months ahead.
As reported by Inside Asian Gaming, MBS saw its net revenues more than double year-on-year to US$848 million in the three months to 31 March 2023, including an all-time high in mass gaming revenue to US$549 million. Rolling chip GGR was also 228% higher year-on-year and 129% higher quarter-on-quarter at US$279 million.
While Nomura…
