RESORTS : [Stock Watch [News]
RESORTS World Bhd has suffered a more than 21% drop in its share price the past three months, considerably higher than the 8% decline in the benchmark CI. The sharp fall was mainly due to aconcerns that the company could lose its dominant position as the most profitable casino and leisure operator in South-East Asia once Singapore and Thailand allow the setting up of casinos. This spooked foreign funds and many opted to cash out of Resorts.
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