Tuesday, May 14, 2024

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Genting SkyWorlds opening to drive stronger visitation at RWG: Analysts

The opening of the new outdoor theme park at Resorts World Genting is expected to bring “higher than expected” visitor arrivals to the property as early as November, according to analysts at RHB Research.

RWG says canteen workers test positive for Covid-19

Genting Malaysia said several canteen workers at its Resorts World Genting resort had tested positive for Covid-19 during regular health screening in early January. The canteens are not accessible to the public.

Genting Malaysia’s leisure and hospitality biz up 23% in FY23

Global casino operator Genting Malaysia has reported a continuous improvement in its performance due to further recovery from the COVID outbreak.

Visa-free and historical low ringgit drive Malaysia to outperform: Tradeview Capital CEO

Malaysia's tourism market is highly expected to outperform this year among ASEAN competitors, says Tradeview Capital Sdn Bhd CEO Ng Zhu Hann.

Genting operations in Singapore and Malaysia to benefit from Chinese tourism uptick in 2024

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 policy with few impacts on Malaysia’s gaming industry: Maybank

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

Maybank raises Genting Berhad estimates following massive yearly profit surge in 3Q23

Investment bank Maybank has revised its earning estimates for Genting Berhad due to the strong performance posted by the group in 3Q23.

Genting Berhad posts massive yearly profit increase in 3Q23

Genting Berhad posted a massive yearly profit increase in the third quarter, hitting RM177.4 million, up from RM11.37 million in 3Q22.

Malaysian authorities arrest 10 over theft of $972k in casino chips

Police in Malaysia have arrested 10 people over the alleged theft of some RM4.6 million ($972,000) in casino chips at a casino in Genting Highlands.

Maybank lowers Genting Malaysia’s FY24 forecast by 4 percent due to service tax rate hike

Maybank has lowered Genting Malaysia's earnings estimate for fiscal 2024 and 2025 by 4 and 5 percent, respectively, due to a two percentage point service tax rate hike in the country.