Friday, August 7, 2020

Malaysia

Malaysia open to online gaming?

Malaysia has opened its doors to online gaming companies and is offering generous incentives to firms that relocate, according to Philippine market regulator, the...
resorts-world-genting

Genting Malaysia seeing reasonable growth: report

Genting Malaysia has seen reasonable growth in visitation since it began reopening on June 15 and Resorts World Genting has doubled its number of available rooms, according a research report from CGS-CIMB.

Genting ramps up online business in Europe

Genting Group, one of the world’s largest casino companies, has been investing in expansion of its online business in Europe at a time when more land-based operators are eyeing adding a digital strategy to cushion the impact from Covid-19.

RGB reports 47% drop in Q1 profit

Malaysian supplier RGB posted a 47 percent drop in profit in the first quarter, though revenue rose due to the opening of new outlets.

Genting Malaysia recovery a long road ahead: Maybank

Genting Malaysia’s gaming revenue recovery will take longer than expected, due to the continued impact of the coronavirus, according to analysts from Maybank Investment...

Moody’s says Asia operators have enough cash for a year

Nine listed gaming operators in the Asia Pacific region are likely to see a plunge of about 70 percent in EBITDA this year, but all should have sufficient cash to cover basic needs for the next year, Moody’s Investors Service said.

Thai/Malay authorities bust illegal gambling rings

Up to 42 Chinese nationals were arrested in the Malaysian capital and more than 200 were detained in Northern Thailand following raids on illegal gambling operations, according to local media reports.

Social distancing to cap Genting Malaysia visitation

Social distancing measures will cap capacity at Genting Malaysia and it may take two to three years before visitation levels get back to 2019 levels, Affin Hwang Capital Research said in a note, cited by The Edge.

Resorts World Genting open from Friday for members

Genting Malaysia has announced that Resorts World Genting (RWG) will be open from 10 am from Friday, but with its casino accessible only to...

Genting Malaysia to open two properties as restrictions ease

Genting Malaysia Bhd has announced the reopening of its Resorts World Kijal in Terengganu and Resorts World Langkawi in Kedah on Thursday, June 18.  However,...

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