atans1

Dolphins: cash for freedom?

In Casinos on 17/01/2011 at 5:25 am

Resorts World Sentosa and the Gentings gp have not been getting gd publicity on the dolphins’ issue. There was unfavourable media coverage from the local media, of all people and the govmin has weighed in stating that Gentings have to comply with all the int’l rules on captive dolphins. When these two disassociate themselves from a money-making machine like RWS, Gentings gp needs to take note.

The dolphins are now believed to be somewhere in the Philppines, having been quietly airfreighted ASAP from Langkawi. The int’l media and animal rights activists are trying to find out where they are. Now if one or more were to fall seriously ill or, worse, die, Gentings would face more bad publicity. And punters may think it bad luck to gamble at a place that hurt or killed Flipper’s friends.

Genting S’pore shld ask the govmin how much it will cost Genting to get the condition that it has to have dolphins in the IR removed. And if the govmin refuses or demands too much money, Genting can tell the world, “We tried.”

Whatever the outcome, institutional investors in the West will be more receptive to buying Genting S’pore shares. Now they run the risk of  being associated with a “Killing Flipper” investment. The other listcos in the Gentings gp also run the risk of being accessories to the murder of Flipper.

As to paying out money, Genting is rumoured to be used to it. It is widely believed in M’sia that the attacks by the Malaysian Chinese Association on the busing of M’sian gamblers to Sentosa, is motivated by money. With an election coming, the MCA wants money from Gentings. In return, the attacks will cease.

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  1. [...] Blueprint for a Sin City – Thoughts of a Cynical Investor: Dolphins: cash for freedom? [...]

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