Saturday, January 19, 2019

Malaysia

RHB maintains ‘buy’ call on Genting

Malaysian brokerage RHB Research on Wednesday announced it is maintaining its “buy” call on Genting Singapore, due to its potential Japan expansion and its...

Genting theme park operational by 2020: Analysts

Analysts believe that Genting Malaysia’s theme park should be on operational by 2020, and believe the opening could boost visitation by up to 10...

Genting reshuffles management, appoints CEO’s son as deputy CEO

Genting Bhd has announced a series of changes to its management structure, including the appointment of Lim Keong Hui, the son of Chairman and CEO Tan Sri Lim Kok Thay as deputy CEO.

Genting still interested in Macau, Lim says

Genting Bhd Chairman and CEO Lim Kok Thay said the operator would be interested in bidding for a license in Macau should the government open the market to further entrants during the concession renewal process, local media reports.

Lim family ups stake in Genting

Genting Bhd’s majority shareholder, the Lim family, has increased its stake in the gaming to plantations company, buying a further 300,000 shares, according to a filing with Bursa Malaysia.

Unlikely Universal will pick up Genting theme park: Maybank

It’s unlikely that Japan’s Universal Entertainment will take over Genting Malaysia’s stalled theme park project, as it would likely cause cannibalization from their sister resort in Singapore, Maybank said in a note.

Fitch cuts growth outlook for Asia

The prospects for economic growth in Asia have dimmed in recent months, says ratings agency Fitch, which has cut its forecasts for almost every country in the region.

Genting launches VR zone with The Void

Genting Malaysia has added a virtual reality zone to its Resorts World Genting property, in conjunction with The Void, which plans “aggressive expansion” across Asia.

Genting swings to Q3 loss on notes write off

Genting Malaysia posted a Q3 loss after writing off an investment in promissory notes issued by the Mashpee Wampanoag tribe for a casino project in Massachusetts.

Genting outlook dimmed by lawsuit, tax hikes

A more than $1 billion legal dispute with Walt Disney Co. and Fox Entertainment over a planned theme park is capping off a roller coaster of a year for Genting Malaysia, with analysts slashing their forecasts for the group.

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