CIMB lifts Genting Singapore (G13.SG) target price to $1.88 from $1.38 after increasing FY10-12 core earnings forecasts by 76%-130% to assume increased daily table win rates, higher table count, according to Dow Jones. Keeps Outperform call.

“It appears that Singapore’s gaming market could be worth a whopping $5.5 billion.” Estimates Resorts World Sentosa has 65%-67% market share. Says divestment of UK operations to Genting Malaysia (4715.KU) strategic as scope for synergy between UK business and Resorts World Sentosa has narrowed. Shares flat at $1.54.

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