Friday, March 29, 2024

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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.

Casino closures only partial and temporary: Genting Highlands

Genting Bhd's Resorts World Genting has clarified that only some sections of two out of its three casinos will be closed temporary for renovation purposes.

Maybank trims Genting Singapore profit estimates despite optimistic outlook

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.

Genting Singapore’s net profit tops $456M in 2023, up 80% year-over-year

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

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.

Daily Asia Gaming eBrief: Outbound China tourism recovery good news for Genting

Genting operations in Malaysia and Singapore 2024 are poised to get a shot in the arm from the recovery in the Chinese outbound tourism market. Analysts from Hong Leong Investment Bank Research and Maybank see the group’s Resorts World properties getting back or exceeding pre-pandemic revenue figures.

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.

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.

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.