Sunday, November 10, 2024

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Moody’s assigns stable outlook for Genting, citing performance stability

Diversified gaming operations and strength in Singapore and Malaysia lead Moody's Ratings to give Genting a stable outlook.

Fitch Ratings increases Genting Berhad’s outlook for 2024 and 2025

Fitch Ratings has raised revenue forecasts for Genting Berhad, anticipating a return to 2019 levels by 2024 and 2025.

Genting Malaysia issues $525M in 7.25% Senior Unsecured Notes via US subsidiaries

Genting Malaysia Berhad has announced that it will be offering $525 million in 7.25 percent senior unsecured notes due 2029 via its wholly owned US subsidiaries Genting New York LLC and GENNY Capital Inc.

Genting Malaysia injecting $100 million in Empire Resorts to up NY license bid 

Genting Malaysia is planning to inject some $100 million in equity into Empire Resorts, as the group continues its push for a New York gaming license.

Genting Malaysia outlook ‘stable’: Fitch Ratings

Fitch Ratings has considered the outlook of Malaysian tourism and gaming group Genting Malaysia Berhad's (GENM) as 'stable' in a recent dispatch.

Resorts World Las Vegas downgraded by Fitch, despite Genting’s strategic support

Although Genting Bhd has a high strategic incentive to support Resorts World Las Vegas (RWLV), the hotel and casino operator was downgraded by Fitch following the rating agency's re-assessment of its linkage with parent Genting Bhd. RWLV's senior secured and unsecured debt also suffered a cut, with Fitch assigning a negative outlook on the issuer.

Fitch: Genting Malaysia and Singapore to reach pre-pandemic levels in 2H24

Analysts at ratings agency Fitch are expecting Genting Malaysia and Singapore's revenue to reach 2019 levels in the second half of 2024, and this year their revenue is likely to recover 85 to 90 percent of pre-pandemic levels.

Genting Malaysia’s $1.2bln Miami land sale falls through

An agreement between Resorts World Miami LLC and Genting Florida LLC to sell Miami Herald land for $1.2 billion to Smart Miami City LLC has fallen through, Genting Malaysia Berhad announced on Thursday.

Genting’s sale of Miami property to net $967 million for the company

Genting Malaysia Berhad has announced that it is planning to sell its land in Miami, Florida, for an estimated cash consideration of $1.22 billion.

Genting Malaysia forms part of a consortium for NY sports betting license

Genting Empire Resorts LLC, which is 49 percent owned by Genting Malaysia, has formed a consortium with fellow casino operators including Caesars and Wynn Resorts to bid for a sports betting license in New York.Â