In 2018, on Genting Hong Kong’s 25th anniversary, President Colin Au summed up the company by saying, “We come from Malaysia, a small country, but we go out to the world. We open our eyes and learn new things.”
That may be a bit of an understatement. Genting, which launched in 1971 with a hilltop hotel near Kuala Lumpur, has become a multinational gaming giant.
The Lim family business is actually a trinity, made up of Genting Hong Kong (cruise lines and Resorts World Manila); Genting Singapore (Resorts World Sentosa); and Genting Malaysia (casinos and iGaming operations in Europe, the UK and elsewhere).
The company didn’t get a toehold in the United States until 2010, when it beat out domestic operators Hard Rock and Penn National for the right to build and operate a VLT parlor in Queens, one of New York City’s five boroughs. With a customer base of more than...
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Nagasaki Governor Hodo Nakamura has announced that his prefecture’s RFP process would commence from January 7, showing his eagerness to get an early jump on compiling an IR licensing proposal that cannot be submitted until at least October, under the revised timeline.
Century Entertainment, formerly known as Amax International, announced plans to consolidate its shares on a five-for-one basis and to increase its authorized share capital.
Studio City Finance Limited has announced that it has priced its international offering of senior notes due 2029 at US$750 million. The 5 percent senior notes will be due 2029.
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.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
