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.
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  • 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

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What the papers say


AGB Intelligence

DEEP DIVE

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. 

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Your Daily Asia Gaming eBrief: High expectations for SkyWorlds debut

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