Good Morning. For all the fun of the fair, Genting Malaysia’s SkyWorlds theme park will be the place to be on Tuesday, finally holding its soft opening. Analysts say the attraction, which caps an almost decade-long revamp of Resorts World Genting, is likely to be a loss leader, but they’re confident it will drive visitation and boost profits. As a result, most are bullish on the group’s prospects.

What you need to know

  • Macau visitor arrivals rose 23.6% during the Chinese New Year period compared with 2021, although they were short of government targets and hotel room rates were also below normal levels.
  • The New South Wales gaming regulator has filed a lawsuit seeking to recoup some of the expenses of the Bergin Inquiry into Crown Resorts from Melco Resorts & Entertainment.
  • Las Vegas Sands has confirmed it had terminated its agreement with three of its primary junkets in December 2021. 
  • Two of Genting’s Crystal cruise ships have been reportedly arrested on Friday night in waters near Freeport, Bahamas.
  • The Philippines will be reopening its borders to fully vaccinated tourists from February 10.
Your Daily Asia Gaming eBrief: High expectations for SkyWorlds debut

On the radar

  • Aristocrat share drop biggest contributor to AGEM Index Jan. decline
  • Konami posts record 9-month profit as all business units recover
  • Grand Korea Leisure January sales drop 4.1% from prior month
  • Macau to maintain 48-hour validity requirement for Guangdong arrivals
  • Record turnover for HKJC over Lunar New Year

What the papers say

AGB Intelligence


Genting Skyworlds, Malaysia

Genting Malaysia’s prospects seen bright as SkyWorlds opens

Genting Malaysia’s long-awaited and much-anticipated SkyWorlds outdoor theme park will hold its soft opening on Tuesday, with analysts confident the attraction will prove to be a key driver of visitation to Resorts World Genting. The company first announced plans for the theme park in 2013 as part of a major overhaul of the Genting Highlands property. The $800 million SkyWorlds park is the crown jewel in the revitalization plan. “We think that the park is well-conceptualised, has a good mix of attractions for all ages, and is likely to be a crowd puller to the highlands resort,” Nomura analysts wrote in a note after the visit. Maybank agreed, saying that it rated the park very highly. 

Industry Updates

  • Spintec withdraws from ICE citing unfavorable circumstances
  • Sportingtech forms partnership with Endorphina
  • Wynn named to FORTUNE Magazine’s 2022 World’s Most Admired Companies

Your Daily Asia Gaming eBrief: High expectations for SkyWorlds debut