Genting Singapore takes a hit from Wuhan virus outbreak, but the tables could soon turn

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SINGAPORE (Feb 11): Genting Singapore (GENS) appears to be one of the companies badly hit by the outbreak of the novel coronavirus (2019-nCoV). Since Jan 20, the counter has plunged 9.5%.

Market watchers opine that the city state’s gaming industry is one of the sectors that could bear the brunt of the virus due to its high dependency on foreign tourist arrivals, including tourists from mainland China.

As of Feb 11, Singapore has 45 confirmed cases, making it the country with the second most number of infected patients outside of China. It had also recently raised its Disease Outbreak Response System Condition (DORSCON) level to Orange in a bid to contain the outbreak.

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