Genting Malaysia reported positive adjusted EBITDA of RM350.3 million for 2020 despite seeing a 56 percent drop in revenue due to the Covid-19 pandemic.
Genting Malaysia said it's putting the finishing touches on a long-awaited $800 million outdoor theme park, which it's planning to open in Q2 this year.
Genting Malaysia announced that Resorts World Genting and Resorts World Awana have resumed business after the group temporarily suspended operations at the resorts following the implementation of the Movement Control Order from January 22 to February 4. Resorts World Kijal and Resorts World Langkawi expected to resume operations on February 19.
Genting Malaysia's Resorts World Genting said it's extending the closure of its property until Feb. 18 due to the extension of movement control orders in the country.
The New Year hasn’t brought the relief that had been hoped for Asia’s devastated tourism industry, with new outbreaks of Covid-19 across the region dampening expectations for an early opening of borders.
The pro-native American stance of incoming U.S. President Joe Biden may be positive for Genting Malaysia's investment in a Mashpee Wampanoag casino project, Maybank wrote in a research note.
Genting Malaysia's Resorts World Genting said it will close up until Feb. 4th due to movement control orders to stop the spread of Covid-19.
Genting Malaysia's 2021 earnings estimates have been cut by 22 percent by analysts at Kenanga Research due to more Covid-19 lockdowns in Malaysia and the U.K.
Genting Malaysia's U.K. unit has permanently closed its casino in Southport in Northwest England, with 38 staff facing redundancy. The group has already closed casinos in Margate, Torquay and Bristol and has reduced its workforce in London, Glasgow, Edinburgh, Blackpool and Birmingham.