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Genting Malaysia Sees Profit Rise In 2Q23 Thanks To Return Of Foreign Tourists

August 25, 2023

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Asian Casino News, Malaysia, Financial Press Releases

Genting Malaysia has revealed its earnings report for the period of 3 months to June 30, 2023, showing a profit of MYR30.3 million (US$6.5 million), meaning it managed to turn the better a loss of MYR42.3 milli...

Genting Malasyia Raises $112M To Fund IRs Renewal

Marija Malenovic

May 8, 2023

Casino News, Latest Casino and Gambling News, Casino expansion projects, New Hotels, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Asian Casino News, Malaysia

On May 8, Genting Malasyia Bhd, one of the world's leading leisure and hospitality corporations and owner of Malaysia's casino monopoly at Resorts World Genting, disclosed that it is raising MYR500 million in t...

Genting Gets US$1.5 Billion Bid for Miami Property, Continues New York Developments

Radosav Milutinovic

March 27, 2023

Casino Destinations, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, U.S.A., Las Vegas, Casino expansion projects, World Casino News, North America Casino News, New Hotels, Casino project updates, Gaming Industry News, Casino moguls, Licensed online casinos in USA, Florida, Malaysia, New York

Malaysian top-tier gaming operator, Genting Berhad, has recently announced the sale of 16 acres of land of its premium Miami real estate property. According to the Bloomberg report cited by IAG, the casino gian...

Second Genting Highlands Casino in Malaysia Might Be Built

Vanja Mitic

March 23, 2023

Borneo, Casino Destinations, Casino proposals, Casino News, Latest Casino and Gambling News, New Hotels, Gaming Industry News, Casino project updates, Employment & Careers, Malaysia

Malaysian authorities and the government are discussing the building of the second Genting Highlands resort casino, and they came to a disagreement on the matter. The Malaysian tourism sector still doesn't want...

Travel restrictions ahead of Chinese New Year impact Chinese gambling destinations

Radosav Milutinovic

January 11, 2023

Casino News, Casino Destinations, Latest Casino and Gambling News, China, Casino reviews from Macau, World Casino News, Gaming Industry News, Hong Kong, Casinos of the Philippines, Japan, Macau, Online Gambling News, Asian Casino News, Malaysia, Philippines, Singapore, South Korea, Vietnam

Beijing states that various countries are ''taking discriminatory entry restriction measures targeting China” after the country saw a rapid decline in COVID-19 cases and opened up to foreign countries. Chinese ...

Cambodia’s Grand Diamond City Casino and Hotel on Fire; Many People Dead and Missing

Marija Malenovic

December 29, 2022

Cambodia, Casino News, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Asian Casino News, Indepth / Featured Articles, Malaysia, Thailand, Vietnam

A major fire broke out at the Grand Diamond City Casino and Hotel in Poipet, Cambodia. However, news agencies have different opinions on how many people died in the fire. Some say 16, some 19, some 10 but one t...

Pessimistic revised annual financial forecast for Genting Malaysia Berhad

Adam Morgan

July 20, 2022

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Employment & Careers, Malaysia

Respected international financial services firm CGS-CIMB has reportedly predicted that Asian casino operator Genting Malaysia Berhad will likely generate a net profit of approximately $97.93 million for the who...

Genting Malaysia’s Skyworlds outdoor theme park set to host soft opening this week

Sadonna Price

February 7, 2022

Latest Casino and Gambling News, Casino expansion projects, Asian Casino News, Malaysia

After announcing a brand-new theme park project back in 2013, Genting Malaysia is finally ready to open the new space. SkyWorlds outdoor theme park will begin a soft opening this Tuesday. The goal is to bring m...

Singapore and Malaysia annual aggregated casino revenues to recover in 2022

Adam Morgan

November 24, 2021

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

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly predicted that Singapore’s aggregated casino revenues for the whole of next year will likely hit around 75% of their 2019 levels at appr...

Resorts World Genting to potentially remain shuttered until November

Adam Morgan

August 17, 2021

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

In Malaysia and the impressive Resorts World Genting development from Asian casino operator Genting Malaysia Berhad could reportedly stay closed until November due to fears associated with the ongoing coronavir...

Genting Malaysia Berhad to instigate second round of pay cuts

Adam Morgan

March 4, 2021

Casino News, Latest Casino and Gambling 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

Casino News, Latest Casino and Gambling 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...

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Genting Malaysia Sees Profit Rise In 2Q23 Thanks To Return Of Foreign Tourists

Genting Malasyia Raises $112M To Fund IRs Renewal

Genting Gets US$1.5 Billion Bid for Miami Property, Continues New York Developments

Second Genting Highlands Casino in Malaysia Might Be Built

Travel restrictions ahead of Chinese New Year impact Chinese gambling destinations

Cambodia’s Grand Diamond City Casino and Hotel on Fire; Many People Dead and Missing

Pessimistic revised annual financial forecast for Genting Malaysia Berhad

Genting Malaysia’s Skyworlds outdoor theme park set to host soft opening this week

Singapore and Malaysia annual aggregated casino revenues to recover in 2022

Resorts World Genting to potentially remain shuttered until November

Genting Malaysia Berhad to instigate second round of pay cuts

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

Pessimistic prediction for Melco Resorts and Entertainment Limited

Genting Malaysia Berhad receives a precarious prediction

Genting Malaysia Berhad posts encouraging third-quarter results

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Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

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