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

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.

Amid an accelerating move towards casino legalization in Thailand, the country could see its first Entertainment Complexes (EC) by 2029, according to research by Maybank Investment Bank.

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

Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.

Research highlights air links and visa issues as key contributors to China's outbound travel rebound in 2024. As more Asian countries waive visa requirements for Chinese travelers, casinos in the region stand to benefit.

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

The surge in housing prices was the primary driver behind Singapore's mass gross gaming revenue (GGR) surpassing pre-COVID levels, according to Samuel Yin Shao Yang, associate director at Maybank Investment Bank.

An analyst at Maybank states that there is no discernible impact on the VIP market after Singapore seized a massive money laundering case.

Despite Genting Berhad’s core net profit for 2Q23 and 1H23 falling slightly below expectations, along with the first interim Dividend Per Share (DPS) missing the mark, analysts at Maybank maintain high expectations due to the anticipation of 'earnings improving sequentially, driven by the rise in visitor arrivals at all its integrated resorts.'