Word: highes
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...that likely? No, Noel-Johnson says, even though such robust expectations are clearly reflected in the high price of Genting Singapore's stock, currently the most expensive gaming stock in the world. According to Noel-Johnson, Genting Singapore is trading at an estimated price-to-earnings ratio of over 60 for the current fiscal year. Even though he believes Resorts World Sentosa has the potential to be "a long-term success," Citigroup has slapped a "sell" rating on the stock...
...unusually high $70 daily casino entrance fee, or $1400 for an annual pass, being imposed on local visitors will be one of the casinos biggest obstacles. "The entry levy is meant to signal that gambling is an expense, not a means to make a living," explains Lim Hock San, Chairman of the National Council on Problem Gambling. "It discourages impulse gambling." Though betting on horse races is allowed in Singapore, the government strictly controls other forms of gambling, one of the reasons it plans to allow only two casinos to operate on the small island. The families of gambling addicts...
...Such fees may help discourage gambling addicts from throwing their salaries away. But they are also likely to be a hurdle in building up the number of local gamblers and will likely force casino operators to depend more on foreign "high-rollers" to turn a profit. That strategy has its risks, analysts say. Noel-Johnson, for instance, points out that 72% of visitors to Genting's resort in the Malaysian highlands are local "day-trippers," and more than half the visitors to Macau's casinos are gamblers from Hong Kong and Guangdong province who bet with limited cash...
...ceremony began with a film of a snowboarder gliding down a high alpine peak - before he slid down a giant faux hill into the arena of 60,000 spectators. During the cultural portion of the evening, Canadian singer K.D. Lang gave a virtuoso performance (Nelly Furtado, not so much). Another highlight was the stadium's virtual floor, which transformed into a vast ice floe that appeared to break apart and disperse, revealing a virtual ocean across which whales swam in 3-D. (See 25 Winter Olympic athletes to watch...
Hours before the ceremony began, Nodar Kumaritashvili, a 21-year-old luger from the former Soviet republic of Georgia, died after a high-speed crash during a training run at the Whistler Sliding Center, north of Vancouver. On the final turn of the track, Kumaritashvili lost control of his sled, struck an inside wall and was catapulted over the low outer wall of the track, into an unpadded steel support column. His sled was traveling at 88 m.p.h. The ghastly replay of the accident was shown several times on Canadian national television. Viewers screamed when they saw the clip...