Maybank raises Genting 2020 EBITDA estimate by 425%

Maybank associate director Samuel Yin Shao Yang has raised its estimate for Genting Singapore’s 2020 EBITDA by 425 percent after the operator turned a surprise profit in Q3. The firm said the outperformance was likely due to high margin slot machine GGR, as local gamblers had staying in Singapore rather than crossing into Malaysia to gamble.