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Tag Archives: Resorts World Genting

Malaysia – Resorts World Genting to break even by end of the year

Maybank Investment Bank believes that Genting Malaysia’s Resorts World Genting could breakeven by the fourth quarter of the year having reopened last week, and that re-COVID-19 levels will return next year. The casino hasn’t broken even ifor the duration of the pandemic. Maybank Investment Bank analyst Samuel Yin Shao Yang said: “We are optimistic that…

Malaysia – Resorts World Genting could be closed for another three months

Resorts World Genting, the mountaintop Malaysian casino will stay shut for another quarter of a year with Maybank Investment Bank earmarking a November reopening when the national vaccination level reaches 80 per cent. Maybank IB analyst Samuel Yin Shao Yang believes it will take another three months for the vaccination levels to reach that point….

Malaysia – Attendance at Genting Malaysia to be hit with Movement Control Order

Analytical company Maybank Research has slashed its Earnings Per Share (EPS) prediction for Resorts World Genting in Malaysia by 58 per cent in 2021 on the belief that footfall will be affected by a new Movement Control Order (MCO) which will restrict six Malaysian states. Whilst only lasting two weeks from January 13 to 26,…

Malaysia – Maybank predicts 70 per cent fall in EBIDTA for Genting Bhd

Maybank IR Research analyst Samuel Yin Shao Yang believes that the fall off in visitation to Resorts World Sentosa and Resorts World Genting could hit Genting Bhd’s EBIDTA by up to 70 per cent in 2020. The Singapore and Malaysia properties generate between 80 per cent and 90 per cent of Genting Bhd group earnings…

Malaysia – Domestic tourism driving return to form for Genting in Malaysia

Nomura research analysts believe Genting Malaysia will see a bounce back in its EBITDA from the fourth quarter of 2020, thanks to a recovery in domestic tourism boosting visitation at its hilltop Malaysian casino Resorts World Genting. It highlights that Resorts World Genting is showing strong signs of recovery already with up to 40,000 visitors…

Malaysia – Resorts World Genting to reopen Malaysian resort casino

Resorts World Genting (RWG), the mountain top resort casino in Malaysia, will reopen at 10am on Friday, 19 June 2020 with enhanced safety measures in place to ensure the health and safety of all guests and employees. Due to limited capacity, entry into SkyCasino at SkyAvenue and Genting Club at Genting Grand Hotel will be…

Malaysia – Nomura fears tax dent in Genting’s EBIDTA could reach US$168m

Brokerage firm Nomura has slammed the Malaysian government’s decision to increase taxation for its only casino Resorts World by ten per cent, double what the market was expecting. It said the increase would ‘diminish the investment appeal of the gaming sector.’ It said: “Given Genting Malaysia’s share price correction of nine per cent since the…

Malaysia – Malaysia and Singapore show impressive growth for Genting

Gross Gaming Revenue at Malaysia’s Resorts World Genting (RWG) has increased by 19 per cent, reaching RM1.6bn in the first quarter of 2018, according to its owners Genting. The operator has also seen impressive gains at its Resorts World Sentosa (RWS) in Singapore with revenues there up to RM2bn for the first three months of…

Malaysia – Resorts World Genting Malaysia could get more tables

Genting Malaysia has said that whilst its RM10bn (€2.2bn) tourism plan for its highlands resort in Malaysia won’t see an expansion in terms of the space used for its gaming floor, it could involve additional gaming spaces. The Genting Integrated Tourism Plan (GITP) is a 10-year blue print, launched in December 2013, to redevelop Resorts…