Kuala Lumpur | World Casino News

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

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 Group disposes of stake in The Star Entertainment Group Limited

Adam Morgan

July 14, 2017

Latest Casino and Gambling News, Australia, Economy/Finance, Mergers, Acquisitions & Partnerships

After earlier this week revealing that the Mashpee Wampanoag Tribe of Massachusetts owes it approximately $347.4 million, Asian casino operator Genting Group has now reportedly announced that it has sold its re...

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...

Edward Farrell named to lead development of Resorts World Las Vegas project

Adam Morgan

May 18, 2017

Latest Casino and Gambling News, Las Vegas, Casino proposals, Casino News

Asian casino operator Genting Group has appointed industry veteran Edward Farrell to oversee the development of its coming Resorts World Las Vegas project while stating that the planned opening of the $4 billio...

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...

Genting Singapore “well placed” to bid for Japan casino license

Adam Morgan

February 23, 2017

Latest Casino and Gambling News, Casino News, Economy/Finance, Asian Casino News

A day after Melco Crown Entertainment Limited unveiled its proposed plans for a casino in the city of Osaka and Asian gambling rival Genting Singapore has reportedly declared that it has “sufficient financial r...

Exclusive interview: Podiumspot to officially unveil Crusino project April 3; World’s largest casino cruise ship

Lars Jones

January 29, 2017

Latest Casino and Gambling News, Casino proposals, Casino Cruise Ships, World Casino News, Casino openings, Gaming Industry News, Casino project updates, Casino moguls, Macau, Malaysia

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On April 3, 2017, Kuala Lumpur-based Podiumspot Capital Group's CEO, Mr. Tim Leonard will reveal some of the unique features that will set the world's largest casino cruise ship, Crusino, apart from any other. ...

Malaysian firm announces plan to build world’s largest cruise ship casino

Adam Morgan

January 9, 2017

Latest Casino and Gambling News, Casino Cruise Ships, Malaysia

In Malaysia, a firm named Podiumspot Capital Group has reportedly announced plans to build the world’s largest floating casino as part of a new cruise ship set to be christened the Crusino. According to a re...

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...

Genting Singapore adopting a “wait and see approach” to Japan

Adam Morgan

September 22, 2016

Latest Casino and Gambling News, Economy/Finance, Japan

Global casino operator Genting Singapore looks likely to keep its upcoming annual dividend payments at the same level as 2015 as it awaits more clarity on the future likelihood of a resort casino development in...

Fitch Ratings reaffirms Genting Berhad’s A- grade

Adam Morgan

July 4, 2016

Latest Casino and Gambling News, Economy/Finance, Malaysia, Singapore

Credit ratings agency Fitch Ratings has reaffirmed the long-term foreign-currency issuer default rating (IDR) and unsecured rating of “A-” held by casino operator Genting Berhad thanks to its “strong market pos...