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Tuesday, February 22, 2011

Genting Singapore Posts S$150.3 Million Fourth-Quarter Loss

Bloomberg, 22 Feb 2011Genting Singapore Plc, the world’s third-biggest casino company by market value, posted a fourth- quarter loss as high rollers got lucky and financing costs increased.It attributed its fourth-quarter loss to narrower margins for its VIP business as high-stakes gamblers won more than in the previous three-month period. Full year revenue was also reduced by the cost of paying