Tuesday, February 19, 2019

Malaysia

Genting Malaysia net profit doubles in 18Q2

Genting Malaysia saw its second-quarter net profit more than double to RM378.2 million (US$91.6 million), helped by higher revenue from its Malaysian operations. The...

Investors waiting for Genting theme park clarity: Nomura

Genting Malaysia has clear catalysts for further growth, though investors are likely waiting for further clarity on the opening of its 20th Century Fox theme park before buying the shares, Nomura said in a research note.

Genting Malaysia issues notes to finance resort redevelopment

Genting Malaysia has announced that its wholly-owned subsidiary, GENM Capital, has issued RM2.6 billion in nominal value of medium-term notes. Genting said the proceeds of...

Fitch affirms Genting Bhd, Genting Singapore rating at A- stable

Fitch Ratings announced this week that it has given Malaysia-listed Genting Bhd a long term foreign issuer default rating (IDR) of ‘A-’, a rating...

Syndicates secure bank accounts ahead of World Cup

With only a few days to the FIFA World Cup, bookmaking syndicates in Malaysia have been busy securing bank accounts from individuals to be...

Strong domestic performance drives GENM 18Q1 results

Genting Malaysia Berhad, operator of Resorts World Genting (RWG) in Malaysia reported a 16 percent improvement in net profit for the first quarter of...

Berjaya Assets net profit falls 90 percent in last quarter

Berjaya Assets Bhd saw its net profits decline 90.8 percent year-on-year in the third quarter ending March 31, 2018, down to RM16.6 million (US$4.2 million).

Ramp up seen as theme parks draw in crowds

An increase in visitation is expected to drive gaming business at Resorts World Genting this year, although analysts say the two key attractions in...

Tourism Malaysia and Tencent to create digital ecosystem

Tourism Malaysia has teamed with China's Tencent Holdings to create a digital tourism ecosystem aimed at helping the Southeast Asian nation gain a greater...

Does Wynn sale open Macau door for Genting?

Steve Wynn’s announcement he is selling some, or all, of the 12 percent stake in the company he founded may open the door for...

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Konami Gaming records 6.2 percent growth in April-December 2018

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Less than 18 pct of exhibitor space left at AGE 2019

A high level of demand for exhibitor space at the Australasian Gaming Expo 2019 has already seen 82 percent of the exhibitor space sold,...

Caesars Entertainment at a crossroads

The future direction of Caesars Entertainment became even less clear after it was reported by the Wall Street Journal that Carl Icahn, who holds...