Sunday, April 18, 2021

Malaysia

Genting Malaysia posts positive 2020 EBITDA, despite revenue plunge

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’s US$800 million theme park to open in Q2

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 reopens Malaysia properties

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.

Resorts World Genting extends closure to February 18

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.

Maybank retains “buy” on Genting Singapore

Maybank Kim Eng’s Yin Shao Yang is keeping his “buy” call and 95 cents target price on Genting Singapore, following 4QFY2020 earnings reported by Las Vegas Sands Corp.
Philippines beach

Covid clusters delay hopes for Asian tourism recovery

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.

Biden may be positive for Genting tribal investment: Maybank

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.

Resorts World Genting to close until February 4 on Covid

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 earnings forecasts cut at Kenanga on lockdowns

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 permanently closes UK’s Southport casino

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.
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.