RWS to gain from early casino licence approval

KUALA LUMPUR: The early casino licence approval for Resorts World at Sentosa (RWS), is a positive development for the company.

The market only expected the Singapore casino to open by March 2010 due to potential delays.

"The earlier award of the licence will now pave the way for an opening before Chinese New Year and enable RWS to reap the full benefits of a monopoly during the typically peak festive season," said OSK Research in a statement on Feb 8.

"We see a concrete announcement of the opening date in due course to coincide with Chinese New Year," OSK added.

OSK also did not rule out possibility of the total casino revenue breaching S$2.7 billion (RM6.55 billion) by 2013. -- Bernama
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