Amidst concern over visitors, Genting Singapore Plc., owner of Singapore’s first casino, fell for the fourth day. At close, the stock lost 1.1% to 94 Singapore cents. It was down by 11% since Resorts World Sentosa opened its gambling facility on February 14.

Genting Singapore has the worst performance on the benchmark Straits Times Index, as it has drooping 28%, this year, which has retreated 4.9%. As the investors expected an increase in the revenue, Genting Singapore ended at a record-high of S$1.30. Robin Goh, a Resorts World spokesman told that the casino, an S$6.6 billion venture, had 60,000 patrons in the first three days.

“Expectations are in our view unrealistically bullish for a virgin casino market. While a few days don’t constitute a trend, initial visitors to the Singapore casino are significantly below our estimates”, said Dominic Noel-Johnson, a Hong Kong-based analyst at Citigroup Inc.

Resorts World said that is expecting to open the Theme Park in early March. According to the company website, four of the hotels have been released last month and two more have been scheduled to open after 2010.