Yeh it does add some uncertainty with the earnings visbility given the management transition, however the mass market transformation at Aristo has appeared a big success. Significant increases in earnings and utilisation, so one would hope that DNA can scale up to effectively manage Star Vegas. As mentioned though a big part of Star Vegas will be the operation of international junkets given the large, and significantly increasing, capacity. So, we may be looking at this finnancial year as a transition and oppotunity to show the market the potential of Star Vegas under thier management.
It should also be noted that the Lim family has extensive casino operation experience. If you didn't already know, the Lim family has held gaming interests in Malaysia, and elsewhere, trading under the Genting Group since the 1960s. Whether that translates to the nephews running DNA remains to be seen, but not a bad bloodline for casino operators!
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Yeh it does add some uncertainty with the earnings visbility...
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