Tag Archives: Genting Malezija
Malezija – Genting Malaysia vraća se u profit, ali prihodi i dalje zaostaju za brojkama iz 2019.
Genting Malaysia, operator of Resorts World Genting in the Malaysia highlnads, has seen a 33 per cent year-on-year lift in revenue for the three months to 31 March 2023, although quarter by quarter they fell due to a slower than anticipated return of international players. The operator also reported a pre-tax profit of RM41.3m, compared…
Malaysia – Revenues at Resorts World Genting in Malaysia up 65 per cent but Genting still reports loss
Despite revenues being 29 per cent up in the three months to December 31 2022, Genting Malaysia Berhad announced a loss of US$106m due to a series of one-off expenses. Promisingly, group revenues came in at US$548m with its flagship casino Resorts World Genting in Malaysia up 65 per cent to US$359m. The operator said:…
Malezija – Nomura vjeruje da će investitori 'laknuti' Gentingov san o Macau nije se dogodio
Analytical group Nomura believes investors in Genting Malaysia will ‘likely feel relieved’ that the operator was overlooked in the tender process for one of Macau’s six gaming licences. Nomura’s Tushar Mohata and Alpa Aggarwal said: “There were two concerns if Genting Malaysia had won the bid; the risk of a low ROIC investment in Macau…
China – Genting Malaysia launches speculative bid to replace one of Macau’s six casino licence owners
With a short statement, Genting Malaysia has confirmed it will be the seventh bidder to submit a bid in the licence retendering but is notably the first that doesn’t already operate in Macau. Genting stated: “The Macau Special Administrative Region has called for a tender for the concessions to operate casino games of fortune pursuant…
Malezija – Genting Malaysia Berhad zaostaje u trećem kvartalu za 42 posto
The reopening of Resorts World Genting (RWG) in Malaysia since September 30 2021 has been ‘well received’ although owner Genting Malaysia Berhad (Group) saw its third quarter revenues slide by 42 per cent to RM826.3m. Despite the impact of the Coronavirus Disease 2019 (COVID-19) disruptions on the Group’s operations, the Group recorded adjusted earnings before…
SAD – Genting će uložiti dodatnih 150 milijuna dolara u Empire Resorts
Empire Resorts, operater njujorških Resorts World Catskills i Monticello Raceway, dobit će još jednu novčanu injekciju od 150 milijuna dolara od svoje matične tvrtke Genting Malaysia za pomoć svom dugoročnom planu financiranja. Genting Malaysia uložio je različite iznose od kolovoza 2019., kada je kupio 49 posto udjela u Empireu s ukupnim sada…
Malaysia – Maybank slashes Genting Malaysia profit guide
Losses at Genting Malaysia’s flagship IR Resorts World Genting (RWG) could plunge by 76 per cent to reach MYR676m (US$164m) with attendance likely to drop by 29 per cent through continued closure from the coronavirus pandemic. Maybank Research has revised its previous estimate of 12m visitors in 2021 to just 8.5m with the casino located…
SAD – Genting sljedeće godine otvara Resorts World Hudson Valley
Genting Malaysia, which owns Resorts World New York City and Resorts World Catskills in Sullivan County, has said it hopes to debut Resorts World Hudson Valley, its new casino in Newburgh, New York, by 2022. Meghan Taylor, Vice President of government affairs and public relations for Resorts World, said: “We look forward to breaking ground…
Malezija – Analitičar Maybanka snizio je prognoze oporavka Genting Malezije s porastom slučajeva COVID-a
A recent rise in COVID-19 cases in Malaysia has seen Maybank Research analyst Samuel Yin Shao Yang slash his own estimates which now pitch Genting Malaysia at operating at a loss of MYR384.8m (US$84.6m) in 2021. He has slashed 2022 profit guidance by 17 per cent to MYR1.03bn (US$249.9m) and 2023 estimate by four per…
