Good Morning. All is well in the Highlands. According to Genting Malaysia Berhad‘s first quarter results, the company saw strong performance in both gaming and non-gaming, with ongoing investments planned. The group continues to keep its eye on New York, to see if it can get one of the three licenses up for grabs. And in Singapore, Marina Bay Sands‘ further expansion plans align with the company’s commitment to extend its license exclusivity, points out an expert.
What you need to know
- Resorts World Genting saw upticks in both gaming and non-gaming revenue during the first quarter, driving Genting Malaysia’s uptick.
- Marina Bay Sands’ expansion plans are “part of the company’s commitment to extend its license exclusivity,” notes an expert.
On the radar
- RGB International posts robust 1Q24 results, eyes growth in the Philippine market.
- Customer service enhances Melco’s performance: Bank of America.
- The Star appoints Jeannie Mok as the new COO to ‘lead the remediation efforts’.
- AUSTRAC accepts Sportsbet’s AML/CTF compliance agreement.
- Indian authorities dismantle online gambling ring.
AGB Intelligence
MALAYSIA
Genting Malaysia sees profit and revenue upticks
Genting Malaysia Berhad saw strong returns during the first quarter of the year, boosted by both gaming and non-gaming revenue from its casino-resort in Malaysia. The group continues to invest in the property, planning new ecotourism features, while it also tries its hand at a casino license in the US state of New York.
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