这次可能有戏，ocbc吹捧FOCUS Genting International Public Ltd: UK super casino “Dead in the water” Summary: The new UK Prime Minister, Gordon Brown, has ordered a review ofsuper casino. This is bad news for Genting International Public Ltd (GIL)as through its subsidiary Stanley Leisure, GIL is the leading contender forthe super casino license. This is over and above the recent negative newsthat the UK government is to impose a surprise gaming tax. Incidentally thegaming tax was imposed by Gordon Brown in his role as the previousChancellor of the Exchequer (Minister of Finance). We read Mr Brown’s 2decisions on the casino to mean that he is not in favour of American styleIntegrated Resort. This could potentially be negative on GIL as we haveascribed about 75% option value for the UK super casino win, and thattranslates to a fair value estimate of S$0.86. We maintain our HOLDrecommendation for now until there is greater clarity on the issue.(Winston Liew) For more (more...)