Key insights
- The author discusses the potential for Genting Berhad's (GEBHY) new Resorts World casino in Queens, NY, to generate significant revenue due to 24-hour table gambling. However, the ADR's lack of price movement and low trading volume are noted. The US market influence is slightly positive due to potential revenue generation, but limited by the stock's OTC status and low liquidity.
GEBHY is the ADR for Genting Berhad which is the company that owns resorts world casino. Resorts world just opened up a new location in Queens, NY and for the first time ever in the city there will be 24 hour table gambling whereas before it was just slots. Being that there are millions of degenerates lol that casino should bring in stupid money. I’m seeing though that GEBHY is not climbing or anything like that and it actually doesn’t receive much volume. Can anyone explain why? Is there something I’m missing?