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Hong Leong Investment Bank Research has added its voice to analysts predicting a strong longer-term comeback for Genting Malaysia, upping its rating from a "hold" to a "buy."
Genting Malaysia's EBITDA is likely to return to its pre-pandemic levels by 2022 and reach 60 percent this year, Standard & Poor's said.
Genting Bhd Chairman Lim Kok Thay says he expects global economic conditions to continue to recover and said the group will assess any business opportunities that arise that could complement existing operations or provide new growth.
For those of you just returning to your desks after the Easter break, it’s been a busy few days in terms of news in the Asian gaming industry, from a potential new mega project in Vietnam, to the latest on the impact of the Covid pandemic and more details about Japan’s casino regulation.
Melco Resorts’ parent company Melco International Development said it swung to a loss of HK$12.4 billion for the year ended Dec 31, 2020, caused mainly by a 70 percent fall in revenue in the year.
Hong Kong and Singapore will be the first two countries in Asia to achieve widespread vaccination coverage (60-70 percent of population) by the end...