Singapore’s Genting Casino Hurting as Gambling Debts Sour: Chart – Bloomberg
Unpaid gambling loans may deal Genting Singapore Plc its steepest profit decline since 2009, tumbling 72 percent to S$143 million ($102 million) in 2015 and missing consensus estimates by about half due to debt provisions, according to Deutsche Bank AG analyst Jeffrey Ng. Singapore doesnt allow so-called junket operators to lend money to high-stakes VIP…