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Tag Archives: Genting

Malaysia – Revenue recovery will allow Genting to restructure its debt

Fitch ratings believes that improved revenues in Malaysia and Singapore will allow Genting Berhad to pay off debt and deleverage from its current capex requirements. The operator of Resorts World Genting in Malaysia and Resorts World Sentosa in Singapore should be able to come down from 4.0x net debt/EBITDA in 2021 to 2.8x by 2024…

China – Sanford C. Bernstein links Genting’s Macau bid with SJM’s ‘financial difficulties’

Sanford C. Bernstein believes that Genting Malaysia’s effort to gatecrash the six current casino licence holders in Macau could see it team up with the SAR’s originally casino group SJM due to its ‘financial difficulties.’ SJM Holdings recently reported a loss of HK$2.75bn in the first half of the year, 88 per cent more than…

Singapore – Genting Singapore grows revenues by 24 per cent

For the first half of 2021, Genting Singapore, operator of Resorts World Sentosa in Singapore, grew its revenue by 24 per cent to $554.8m for he half year to June compared to the previous year, with the net loss reversing to a net profit of $88.2m. This is an improvement compared to the corresponding period…

US – Gary Platt creates new collection for Resorts World Las Vegas

Gary Platt Manufacturing has created a new collection of performance casino seating for the Strip’s newest casino resort, Resorts World Las Vegas. The Gary Platt design and engineering teams worked closely with Resorts World Las Vegas to create a unique collection – one where Gary Platt’s legendary, unsurpassed comfort meets ingenious designs with inspired innovations,…

US – Resorts World New York opens Hyatt Regency JFK Airport

Hyatt Regency JFK Airport at Resorts World New York celebrated its ribbon cutting in Queens, which featured executives from Genting, which owns the hotel and casino, and Hyatt, as well as local elected officials and community leaders. The hotel officially opens today for guests to experience New York City’s newest play, stay, dine, shop and…

US – Resorts World Las Vegas opened with Nevada’s first floor-wide deployment of JCM’s FUZION

JCM Global marked a historical milestone when the new Resorts World Las Vegas opened last month: Nevada’s first floor-wide deployment of JCM’s FUZION technology. Since that time, JCM’s FUZION has played an integral role in supporting Resorts World Las Vegas’ goal of creating the most advanced gaming floor in the world. JCM also installed its…

US – Resorts World Las Vegas using Casino Cash Trac

Casino Cash Trac’s cage operations and revenue audit solution, Casino Insight, is now being utilized at Resorts World Las Vegas. Resorts World Las Vegas debuted on 24 June and is the first ground-up luxury integrated resort to open on the Las Vegas Strip in more than 10 years, with a capital investment of $4.3 billion….

US – Jones Sign supplied 40,000 sq. ft. of exterior LED video displays to Resorts World

Jones Sign Company was selected among other world-class suppliers to develop many of Resorts World’s signs, including massive exterior LED displays, interior wayfinding, reader boards, and other various signage elements. “This was a massive development in which Jones Sign played a major role,” said Todd Patrickus, Executive Vice President of Jones Sign. “Our team was…

US – GLI approvals central to several new technologies at Resorts World Las Vegas

Through extensive collaboration involving multiple suppliers, Resorts World Las Vegas successfully opened, offering seamless interaction and personalized engagement that sets new global standards with its best-in-class gaming technology. For regulatory certification and interoperability testing, multiple gaming suppliers turned to Gaming Laboratories International (GLI). GLI has been working on a myriad of technologies directly with Resorts…