Genting Malaysia has confirmed that its bid for a Macau gaming concessions was unsuccessful.

Genting Malaysia Berhad’s President and Chief Operating Officer has assured shareholders that Genting casinos would remain operational due to several key factors.

Genting Malaysia Berhad has reported a strong performance for the first quarter of 2024, a recent dispatch by brokerage firm Maybank states, with core net profit surpassing expectations due to lower-than-anticipated tax rates.

According to Genting Malaysia Berhad's first quarter results, the company saw strong performance in both gaming and non-gaming, with ongoing investments planned. The group continues to keep its eye on New York, to see if it can get one of the three licenses up for grabs.

Resorts World Genting has registered a 25 percent increase in revenue in the first quarter of the year, hitting RM1.75 billion ($372.2 million), while Genting Malaysia Berhad recorded a 21 percent increase in revenue, hitting RM2.76 billion ($586.87 million).

A Malaysian court has issued a gag order against a Malaysian politician and activist over his comments regarding a Bloomberg report about possible plans for a casino in Johor Bahru’s Forest City.

Malaysian Prime Minister Anwar Ibrahim has refuted claims suggesting plans for a casino to be established in Forest City, Johor.

Malaysia is currently in talks with Berjaya and Genting Group to potentially open a casino in Forest City, in Johor, known as the nation’s ‘ghost city’.

Genting Malaysia and Genting Singapore should benefit greatly from the return of Chinese visitors in 2024, according to brokerages Hong Leong Investment Bank (HLIB) Research and Maybank.

Visa-free entry for Chinese citizens may have a negligible impact on Malaysia's gaming industry, according to a Maybank analyst.