Shares & Derivatives
Resorts World Sentosa is Reopening: Should You Take A Gamble on Genting Singapore?
By The Smart Investor  •  June 30, 2020
Over the weekend, Genting Singapore Ltd (SGX: G13) announced that Resorts World Sentosa (RWS) will be welcoming back guests from 1 July onwards. Universal Studios Singapore, its theme park attraction, will reopen on 1 July with shortened operating hours (Thursdays to Sundays, 2 p.m. to 9 p.m.); while the S.E.A. Aquarium will reopen on 4 July with operations from Saturdays to Tuesdays 10 a.m. to 5 p.m. This move follows the commencement of the Phase II post circuit breaker transition that will see Singapore opening up the bulk of its economy. Prior to the announcement, RWS had to cease operations and suspend its service offerings since 4 April, aside from food and beverage operators that were deemed essential services. The temporary closure, along with the plunge in tourist numbers due to lockdowns associated with the COVID-19 pandemic, led to the group issuing a profit warning for the first half of 2020’s results....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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