A proper electronic gaming machine (EGM) and gaming equipment Preventive Maintenance program protects and prolongs the value of a gaming property’s capital investments.
Moody's has reaffirmed the credit ratings of Genting Bhd and Genting Singapore, but said the outlook remains negative due to the uncertainty regarding the pace of recovery.
Berjaya Group's new CEO Abdul Jalil bin Abdul Rasheed has bought 70 million shares in the company at 28 sen a share and plans to restructure the Malaysian group whose interests span from gaming through to hotels, insurance and cars.
Empire Resorts must secure financing at attractive rates soon if it is to turn profitable and avoid the need for a further capital injection from Genting, Nomura said in a research note.
Genting Malaysia’s indirect wholly-owned subsidiary, Genting ER II LLC has entered into a subscription agreement for up to US$20 million of additional stocks of Empire Resorts, according to a company filing.
Resorts World Las Vegas is expected to generate revenue of $350 million in 2022 and EBITDA of $82 million in its first full year after opening this summer, according to Nomura Research.
Research House UOB Kay Hian has named Genting Malaysia as its top stock pick on expectations for a full recovery in 2022 as vaccines are rolled out.
Genting Malaysia has bought back more of its own stock, purchasing MYR4.4 million worth of stock at a price between MYR3.11 and MYR3.15 each. It's the
This week's "By The Numb3rs" compares the change in land-based casino gross gaming revenues (GGR) across five key gaming jurisdictions in Asia-Pacific.
Colin Mansfield, an analyst with Fitch Ratings, spoke with Asia Gaming Brief's Managing Editor Sharon Singleton about the impact of the Covid crisis on the balance sheets and credit ratings of Asia's operators and the road to recovery.
Genting Malaysia Bhd (GenM) bought back two million shares on the open market for a total of RM6.31 million ($1.5 million), with the price ranging between RM3.15 and RM3.16, according to a filing with the local stock exchange today.
The Malaysia Anti-Corruption Commission has arrested a high-ranking businessman suspected of accepting bribes worth RM300,000 for help in releasing 22 Chinese nationals held in an online gambling bust. The man carried the title of "Datuk Seri," which...
Genting Group-owned Resorts World Casino New York City and Miami Hilton have filed a suit against more than a dozen insurers claiming they wrongly denied coverage for some US$500 million in losses to the two resorts during the Covid-19 pandemic.
Genting Malaysia is asking staff to take temporary pay cuts of between 15-20 percent as it seeks to cut costs amid ongoing Covid shutdowns, Bloomberg reports citing an internal memo.
Malaysia-based electronic games and services supplier RGB International has reported a fourth quarter loss of MYR6.4 million (US$1.6 million) based on total revenues of MYR52.2 million.
Genting Malaysia reported positive adjusted EBITDA of RM350.3 million for 2020 despite seeing a 56 percent drop in revenue due to the Covid-19 pandemic.
Genting Malaysia said it's putting the finishing touches on a long-awaited $800 million outdoor theme park, which it's planning to open in Q2 this year.
Genting Malaysia announced that Resorts World Genting and Resorts World Awana have resumed business after the group temporarily suspended operations at the resorts following the implementation of the Movement Control Order from January 22 to February...
Genting Malaysia's Resorts World Genting said it's extending the closure of its property until Feb. 18 due to the extension of movement control orders in the country.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
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