Weng Yew's comment on GENTING. All Comments

Weng Yew
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• Current Genting Berhad's total Debt stand at RM45.3 billion.
• Capital Expenditure Demands:
• Resorts World Sentosa 2.0 (Singapore): RM22 billi (S$4 billion expansion).( this investment wont get more gamblers, the Singapore government forces WRS to do so, if no , no licence granted.
• Resorts World New York City: RM23 billion (US$5.5 billion integrated casino upgrade).(72% gamble taxes, 1000% lossing money)
• Kasuri Block (Indonesia): RM10.3 billion .(20 years investment, no single drop of oil come out yet)
All investment 1000% confirmed losese money. even GENM, 35% gambling taxes 8 % SST, total 43%,150m annual licence fees, bankrupt like hong kong genting, is matter of time only
• Pro-Forma Debt Trajectory= RM100 billion+.

Fitch Ratings downgraded Genting Bhd and Overseas Holdings to BBB-, Resorts World Las Vegas has fallen into junk status at BB+.

• The Annual Interest Burden: If interest rates sit at an average of 6.5% to 7.0%, RM6.5 billion to RM7.0 billion per year.
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