No increase in total gaming area: Genting Highlands

Genting Malaysia’s RM10 billion ($2.4 billion) expansion of its highlands resort will not include any increase of its net casino area, said chairman and chief executive Tan Sri Lim Kok Thay.

“We would start to ‘soft open’ part of it at the end of this year, and progressively roll everything out next year. There will be a new gaming venue but no expansion,” said the chairman, quoted by local media.

While total area for gaming will not increase, this doesn’t mean there will be no additional facilities, said Lim.

“We will see. If you can fit more tables into the same space, why not?”

The company is forecast to open its Sky Avenue & Sky Plaza shopping malls, and a new cable car station progressively by end 2016. However, its much touted Twentieth Century Fox World theme park has been delayed to late 2017.

Phase 2 will see the construction of more luxury hotels as well as a show arena seating up to 10,000.

More news from this jurisdiction

MalaysiaThursday, Feb 22, 2018

Shares in London-listed Playtech plunged in Thursday trading after the group warned that the ongoing crackdown on illegal gaming in Asia continues to affect profit.

MalaysiaTuesday, Jan 09, 2018

With the GITP expansion plan expected to start bearing fruit this year, 2018 should be a strong year for Genting Malaysia Bhd, say analysts.

Malaysia, South East AsiaMonday, Jan 08, 2018

RGB International Bhd says it is expecting its turnover to increase by RM50 million this year as a result of a number of concessions and leasing deals secured over the last two years.

MalaysiaTuesday, Dec 19, 2017

Berjaya Sports Toto said Q2 revenue fell almost 5 percent, dragged down by a weak performance at its H.R. Owen car sales unit and International Lottery & Totalizator Systems business.

MalaysiaFriday, Dec 15, 2017

Malaysia’s Resorts World Genting will open a Zouk Genting nightclub in January as part of its ongoing efforts to revamp the resort and improve its entertainment offerings.

Malaysia, IndiaWednesday, Dec 13, 2017

Resorts World Genting is expecting the opening of the Twentieth Century Fox World theme park to drive up the number of Indian visitors to the resort.

MalaysiaFriday, Dec 08, 2017

Malaysian company MQ Technology Bhd is seeking shareholder approval to diversify into gaming related businesses, according to a recent filing to Bursa Malaysia.