Wednesday, September 18, 2019

Malaysia

Genting Malaysia posts Q2 profit

Analysts were pleasantly surprised by Genting Malaysia’s solid 19Q2 earnings but said the recent acquisition of Empire Resorts will weigh on long-term earnings.  The casino...
Genting New York

Genting defends Empire acquisition

Genting Malaysia has issued a statement defending its proposed acquisition of Empire Resorts saying the combination is in the best interests of both companies’ shareholders.
Resorts World Genting

Genting settles lawsuit with Fox, Disney

Genting Malaysia said it has settled all legal proceedings with Fox Entertainment Group and its related companies and as a result will be permitted to use some Fox intellectual property in an outdoor theme park that is under development.

Genting Malaysia theme park opening soon

Resorts World Genting may be opening its outdoor theme park earlier than expected, according to analysts from Maybank IB Research on Wednesday. According to the...

Asian online market evolves but slowly

The conditions prevalent in the markets of East Asia mean the evolution of a more recreational online player base is following a different path to how it occurred in Europe and suppliers need to be aware of changing patterns of behaviour.

Cambodia casino growth a threat to Genting Malaysia

Cambodia’s growing casino and tourism industry could pose a challenge to Genting’s Malaysia operations, according to a note from JP Morgan analysts.  In a recent...

Genting Malaysia seeks cost cuts to offset tax upsets

Genting Malaysia has been forced into cost cutting mode to offset the negative impact of recent tax rulings, though analysts still expect 2019 to be another tough year for the country’s only operator.

Malaysia to draft laws to better police online gambling

The Malaysian government is looking to amend the country’s laws on gambling to include online gambling, local media reports.  Home Minister Muhyiddin Yassin said that...

Casino tax hike not as bad as expected, say analysts

Shares in Genting Bhd and Genting Malaysia rebounded sharply upwards following the release of their 2019 first-quarter earnings, showing the impact of the casino...

Operations not affected by escalator fire: Genting

Operations will continue as usual at Resorts World Genting, despite a fire breaking out at an escalator in the property on Monday. According to a...

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Yamashita

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Asian affiliate acquisitions hot up

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