Crown and SGR have professional manager and in a well regulated jurisdiction. Also, there is no debt issue and no lease issue. Plus, in the last round big institution got burnt really badly. No one will buy in unless there is a clear sign of benefits like buyback and dividend. It takes time for investor to regain confidence.
No one will bail out existing shareholders and for them to make a buck off them.
Also with Covid-19, a closed casino is more a liability that burns cash than a cash generation machine. Even place like Singapore is closed down till June, no one has a clue about lesser countries like Cambodia and Vietnam.
DNA Price at posting:
3.4¢ Sentiment: None Disclosure: Held
