Jurisdictions benefiting from local support will continue to outperform in the first half of next year, with destination markets such as Singapore, Macau and Las Vegas, likely to begin a faster pace of recovery in the second half once vaccines become...
Ratings agency Standard & Poor’s has reaffirmed Genting Malaysia’s BBB rating, but says the outlook is “negative” due to a slower-than-expected recovery in Singapore.
Genting Malaysia said it’s seeking to boost domestic demand and visitation at its flagship property in the country, but the overall outlook for the group remains “uncertain.”
The “worst” of the crisis may be over for Resorts World Genting, with a significant improvement in visitation since it reopened three months ago, RHB Research said in a note.
The market regulator in the Philippines has taken the unusual step of claiming that Malaysia, a strictly Muslim country where gaming is highly restri
The Malaysian state of Johor may be gearing up to become a destination for the back offices of online gambling firms, an SBC Barcelona Digital Summit heard.
Cases involving young people caught online gambling doubled under Covid-19 lockdowns in the Malaysian state of Sarawak.
Genting Berhad announced on Thursday that its revenue for the April-June 2020 quarter had fallen 80 percent year-on-year to RM1.1 billion (US$266 mill
Borders in Malaysia may be closed to international tourists until Q2, 2021, Nancy Shukri, the minister of tourism, arts and culture told the Nikkei Asian Review in an interview.
Malaysian supplier RGB International swung to a loss in Q2 as Covid-19 forced the closure of its servicing centres and it sold fewer products.
Genting Group, one of the world’s largest casino companies, has been investing in expansion of its online business in Europe at a time when more la
Malaysia has opened its doors to online gaming companies and is offering generous incentives to firms that relocate, according to Philippine market re
Genting Malaysia has seen reasonable growth in visitation since it began reopening on June 15 and Resorts World Genting has doubled its number of available rooms, according a research report from CGS-CIMB.
Genting Group, one of the world’s largest casino companies, has been investing in expansion of its online business in Europe at a time when more land-based operators are eyeing adding a digital strategy to cushion the impact from Covid-19.
Malaysian supplier RGB posted a 47 percent drop in profit in the first quarter, though revenue rose due to the opening of new outlets.
Genting Malaysia’s gaming revenue recovery will take longer than expected, due to the continued impact of the coronavirus, according to analysts fro
Nine listed gaming operators in the Asia Pacific region are likely to see a plunge of about 70 percent in EBITDA this year, but all should have sufficient cash to cover basic needs for the next year, Moody’s Investors Service said.
Up to 42 Chinese nationals were arrested in the Malaysian capital and more than 200 were detained in Northern Thailand following raids on illegal gambling operations, according to local media reports.
Social distancing measures will cap capacity at Genting Malaysia and it may take two to three years before visitation levels get back to 2019 levels, Affin Hwang Capital Research said in a note, cited by The Edge.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264