Asian casino operator Genting Malaysia Berhad has reportedly seen visitation levels at the gambling-friendly venues within its Resorts World Genting development recover recently to reach just over 50% of their pre-pandemic intensities.
According to a report from Inside Asian Gaming, the sprawling Malaysian property was completely shuttered for an almost 13-week period from March 18 as the number of locals afflicted with the potentially-lethal coronavirus ailment began to rise. The seven-hotel behemoth was subsequently allowed to begin welcoming a limited number of gamblers to its SkyCasino at SkyAvenue and Genting Club at Genting Grand Hotel enterprises from last month before proceeding with the similarly-cautious re-opening of some of its other amenities.
The source cited a research note from financial services firm CGS-CIMB in reporting that Resorts World Genting has since experienced a steady rise in visitation through the first two weeks of July and has now doubled its overall hotel capability to approximately 4,000 rooms so as to be able ‘to cater to the higher demand.’ The source purportedly detailed that the development’s pair of casinos have also been experiencing similar success with their capacities recently surpassing 50% of their customary levels.
The filing from Singapore-headquartered CGS-CIMB reportedly explained that the 12,000-acre Resorts World Genting has particularly benefitted from a government-mandated Movement Control Order that has so far largely prohibited all but the most determined local gamblers from taking advantage of its amenities.
Reportedly read the note from CGS-CIMB…
“Typically, some 70% to 80% of Resorts World Genting’s visitor arrivals are locals and there has been pent up demand for domestic tourism and gaming post-Movement Control Order. Hence, we believe Resorts World Genting’s business will perform better than other casinos in the region that are more dependent on international visitors.”