Resorts World Genting | World Casino News

Genting Malaysia Berhad to instigate second round of pay cuts

March 4, 2021

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Malaysia, Labor Relations

Asian casino operator Genting Malaysia Berhad is reportedly planning to implement a second round of temporary salary cuts in an attempt to reduce costs following a recent downturn in business caused by the ongo...

Genting Malaysia announces early reopening of Resorts World Genting and non-gaming properties due to relaxed COVID-19 restrictions

Sadonna Price

February 17, 2021

Latest Casino and Gambling News, Gaming Industry News, Malaysia

This week, Genting Malaysia announced that Resorts World Genting reopened on February 16, a few days earlier than expected. The company will open its Resorts World Langkawi and Resorts World Kijal non-gaming pr...

Pessimistic prediction for Melco Resorts and Entertainment Limited

Adam Morgan

January 15, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Malaysia

Prominent financial services firm Moody’s Investors Service Incorporated has reportedly warned that Asian casino operator Melco Resorts and Entertainment Limited could see its consolidated debt rise by about 14...

Genting Malaysia Berhad receives a precarious prediction

Adam Morgan

January 13, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Malaysia

A leading investment bank has reportedly cut its upcoming annual earnings estimate for Asian casino operator Genting Malaysia Berhad by some 58% owing to an expected coronavirus-induced drop in future visitatio...

Genting Malaysia Berhad posts encouraging third-quarter results

Adam Morgan

November 27, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly recorded a loss of $178.43 million for the three months to the end of September as it continues to slowly recover from the impacts of the coronavirus...

Optimistic fourth-quarter prediction for Genting Malaysia Berhad

Adam Morgan

September 18, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Asian Casino News, Malaysia

Asian casino operator Genting Malaysia Berhad is reportedly set to see its business prospects improve beginning from the fourth quarter although its various subsidiaries could face a much longer road to complet...

Post-pandemic visitation levels on the rise at Resorts World Genting

Adam Morgan

July 22, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Malaysia

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 ...

Resorts World Genting re-opening its casinos following coronavirus closures

Adam Morgan

June 18, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly announced that it will be partially resuming gambling entertainment within its Resorts World Genting development from tomorrow following an over 13-w...

Genting Malaysia preparing to reopen two of four Malaysian properties

Sadonna Price

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 ...

Resorts World Genting temporarily closing till April

Sadonna Price

March 17, 2020

Latest Casino and Gambling News, Asian Casino News, Malaysia

The latest casino closure related to the coronavirus outbreak is the Resorts World Genting. The casino complex located in the Genting Highlands will be closed temporarily starting March 18th through the end of ...

Genting Malaysia Berhad records a disappointing fourth quarter

Adam Morgan

February 28, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly released its unaudited financial results for the final three months of 2019 showing that its net profit had crashed by almost 60% year-on-year to abo...

Genting Malaysia Berhad resolves lawsuit against The Walt Disney Company

Adam Morgan

July 27, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Mergers, Acquisitions & Partnerships, Malaysia, Fines, Lawsuits & Litigation

Asian casino operator Genting Malaysia Berhad has reportedly announced that it has reached a settlement that has ‘fully resolved’ the $1 billion lawsuit it filed against The Walt Disney Company late last year. ...

DraftKings Incorporated stake for The Walt Disney Company

Adam Morgan

May 21, 2019

Casino Sales, Latest Casino and Gambling News, U.S.A., Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Fantasy Sports

Despite its perceived long-standing antagonism towards gambling, it would reportedly seem that The Walt Disney Company now controls a stake in daily fantasy sports and online sportsbetting firm, DraftKings Inco...

Genting Malaysia Berhad facing countersuit in California

Adam Morgan

January 25, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Casino project updates, Malaysia, Fines, Lawsuits & Litigation

After initiating a $1.75 billion legal action against the newly-purchased Twenty-First Century Fox Incorporated subsidiary of The Walt Disney Company in November, Asian casino operator, Genting Malaysia Berhad,...

Genting Malaysia Berhad names new Deputy Chief Executive Officer

Adam Morgan

January 2, 2019

Latest Casino and Gambling News, Employment & Careers, Malaysia

Asian casino operator, Genting Malaysia Berhad, has reportedly announced that it has appointed Lim Keong Hui to serve as its new Deputy Chief Executive Officer as it looks to reverse a recent third-quarter defi...