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There are only two casinos in Singapore and Winner takes all. How to compete in a saturated market in US with more competitions and higher cost structure ? It is better to be prudent and be Jaguh Kampung based on previous Empire Inc experience.
Daniel. The question for GENT is about derisking and survival. They have no choice but to move out despite heavy cost and high risk. As you know the gambling business in Malaysia is always under threat of closure. Look at Toto and Magnum.
Derisking can be to other sectors instead of higher risks but lower returns (ROI , EBITDA etc) via huge borrowings. Otherwise, loyal and long term shareholders will bear the full brunt via lower share prices.
Agree Daniel. GENT could have easily branch out into Data center and hospital business. both are profitable and fetch high attention, which can better boost share price than more casinos