Genting Malaysia has begun technical rehearsals at its SkyWorlds outdoor theme park and the opening is expected to take place next month, according to a local media report.
In response to inquiries from, The Edge, a Genting spokesperson said the rides were currently open to employees and selected guests.
The long-delayed theme park is seen as a key draw in the Genting Integrated Tourism Plan. The opening of the attraction will mark the culmination of the revamp of the Genting Highlands Resort, which began in 2013.
“GENM itself expects Genting SkyWorlds to drive RWG visitor arrivals to 30 million in the long term while we are a tad more conservative at 26 million to 27 million per annum (pre-Covid-19 high: 24 million),” the report cited MayBank analyst Yin Shao Yang as saying.
Assuming RM150 average mass market gaming revenue per patron and 40% EBITDA margin, he said, the 2 million to 3 million extra RWG visitors per annum relative to the pre-Covid-19 high will accrete RM120 million to RM180 million to EBITDA per annum.
In a recent interview with AGB, Nomura head of Malaysia equity research, Tushar Mohata, said he expected the opening of the theme park to coincide with the school holidays in Malaysia to maximize visitation.
