Genting Malaysia | World Casino News

Genting Malaysia preparing to reopen two of four Malaysian properties

June 16, 2020

Latest Casino and Gambling News, Asian Casino News

The coronavirus pandemic led to casino resorts closing around the world, starting in March. Since that time, venues have remained closed in an effort to slow the spread of the deadly disease. Over the past few ...

Empire Resorts considering Chapter 11 bankruptcy

Marie Kelley

August 14, 2019

Latest Casino and Gambling News, Bankruptcy, New York

According to a filing within the Securities and Exchange Commission on Friday, Empire Resorts is considering a voluntary prepacked Chapter 11 bankruptcy filing. The parent company of Resorts World Catskills Cas...

Renovation costs impact Genting Malaysia’s third-quarter bottom line

Adam Morgan

November 28, 2017

Latest Casino and Gambling News, Economy/Finance, Malaysia

Asian casino giant Genting Malaysia has released its unaudited financial results for the three months to the end of September showing a 65.2% drop year-on-year in overall profit to $47.13 million despite a 3.16...

Higher operating costs hurt Genting Malaysia’s second-quarter results

Adam Morgan

August 28, 2017

Latest Casino and Gambling News, Economy/Finance, Malaysia

Asian casino giant Genting Malaysia has blamed unfavorable foreign exchange transactions along with higher operating costs after its net profit for the three months to the end of June fell by 59.4% year-on-year...

Genting Malaysia reveals bill for Massachusetts tribe has topped $347 million

Adam Morgan

July 11, 2017

Latest Casino and Gambling News, Casino proposals, Casino News, Fines, Lawsuits & Litigation, Massachusetts

After subscribing to promissory notes issued by the Mashpee Wampanoag Tribe last year for the purposes of helping the tribe to fund its planned First Light Casino and Resort in Massachusetts, Asian casino giant...

Diplomatic row between China and South Korea could be helping Malaysia

Adam Morgan

May 9, 2017

Latest Casino and Gambling News, Economy/Finance, Malaysia

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The ongoing diplomatic dispute between China and South Korea could reportedly be helping casino operators in other Asian nations including Genting Malaysia via its Resorts World Genting integrated casino resort...

Former Berjaya Group boss may revisit Malaysian casino license application

Adam Morgan

December 1, 2016

Latest Casino and Gambling News, Casino News, Licenses, Malaysia

In Malaysia, the founder of the Berjaya Group conglomerate is reportedly considering the possibility of applying for a full casino license and breaking the local monopoly Genting Malaysia has held since the ope...

Resorts World Genting expansion to add tables in new venue without expanding casino footprint

Renee Kingsley

October 25, 2016

Latest Casino and Gambling News, Casino expansion projects, Malaysia

Genting Malaysia Bhd announced in December 2013 that it plans to roll out a special ten year Genting Integrated Tourism Plan (GITP) that would cost the company around RM 10 billion and would involve a significa...

Genting posts strong second quarter results due to UK gaming and Malaysia operations

Renee Kingsley

August 30, 2016

Latest Casino and Gambling News, Malaysia, Financial Press Releases, Singapore

Genting Malaysia, the entertainment conglomerate recently announced that it has had a strong second quarter and its net profit rose to 294.7 million ringgit, which was a 334 percent increase when compared to th...

Genting Malaysia to invest heavily into its Resorts World Genting Casino

Renee Kingsley

April 8, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Malaysia

Genting Malaysia Bhd is the parent company of the Resorts World Genting Casino, which is Malaysia’s biggest and only legal casino. Senior executives from Genting Malaysia recently sat down with analysts from th...

Genting Massachusetts to assist Mashpee Wampanoag tribe’s $500 million casino resort

K Morrison

February 16, 2016

Latest Casino and Gambling News, Tribal Gaming, Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Massachusetts

According to Maybank (Malayan Banking Berhad), in return for managing fees and interest income, Genting Massachusetts may help the Mashpee Wampanoag tribe build and manage its $500 million First Light Resort an...

New Genting Malaysia theme park delayed until 2017

Marie Kelley

October 15, 2015

Latest Casino and Gambling News, Casino project updates, Malaysia

On Monday, CIMB Securities Ltd announced that Genting Malaysia Bhd had decided to postpone the opening of a theme park for Resorts World Genting. The resort area, also known as Genting Highlands, is the only ar...