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Fortune likely to favour Singapore's gaming sector

Fortune likely to favour Singapore's gaming sectorSingapore gaming sector was down till last week but it is expected that its fortune will change in coming weeks. It is expected that many gaming companies like Genting Singapore are planning to bounce back to capture the tourists.

Genting is looking for high tourist arrivals which will increase its earnings and profits. Analysts believe that in coming two to three year as tourist arrival will increase in the two integrated resorts.

Mr. Wong Sui Jau, Fundsupermart general manager, said that last year had witnessed 20% growth in tourists and considered tourists growth as a long story.

In the policy review, investors are worried about sectors like residential and gaming according to a report by Nomura Equity Research on Monday.

In last week trading session Genting shares were traded at a low of S$2.08 to as high as $2.24. Yesterday, the shares have rebounded close to $2.20.