Saturday, August 13, 2022


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Genting Highlands theme park faces an additional year of delay


An elaborate theme park at Genting Highlands that was most recently scheduled to have its soft opening in the third quarter of this year is now said t

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Genting Malaysia to “rightsize” workforce after Q1 loss


Genting Malaysia will reportedly cut jobs and reduce wages after reporting a loss for Q1 due to the Covid-19 pandemic.

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Genting Malaysia loses US$96 million in 20Q1 over Covid-19


Genting Malaysia has recorded a net loss of almost RM418 million (about US$96 million) in the first quarter of 2020 compared with a net profit of more

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Philippine police nab 265 in online gaming raid


Philippine police have arrested 265 Chinese nationals after an operation against an illegal offshore gaming operation in Las Pinas City, on the southern edge of Metro Manila.

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Genting Malaysia extends closure to May 12


Genting Malaysia said its properties will remain closed until May 12 after the government extended the country’s Movement Control Order (MC).

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Genting M refuses to issue statement on COVID-19 impact


In a rare occurrence, Genting Malaysia Bhd in its latest annual report said it is not prudent at this juncture to issue any statement on the group’s

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Genting Malaysia expected to be hard hit by closure


Genting Malaysia, which has shut its gaming properties until April 1 under government orders as a Covid-19 countermeasure, is expected to be hard hit

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Genting Singapore execs agree pay cuts, Genting Malaysia closes property


Genting Singapore said its executives and senior management have agreed to pay cuts to help to offset the impact of the coronavirus on its earnings, which it warns is likely to be significant.

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RGB reports strong fourth quarter on increased machine sales


RGB International Bhd posted an 80 percent increase in profit for the three months ended 31 Dec 2019, reaching RM14.7 million (US$3.5 million), driven

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Genting Malaysia cautious on near-term due to coronavirus


Genting Malaysia said it is more cautious on the near-term prospects of the leisure and hospitality industry, due to the impact of the coronavirus and

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Genting makes U.S. inroads


In 2018, on Genting Hong Kong’s 25th anniversary, President Colin Au summed up the company by saying, “We come from Malaysia, a small country, but we go out to the world. We open our eyes and learn new things.”

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Coronavirus hits industry, but underlying demand seen strong


Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation...

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Malaysian police bust small casino in KL


Malaysian police have busted a “mini-casino” hidden inside an entertainment outlet in southern Kuala Lumpur, arresting 58 people, local media repo

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Sabah police bust Chinese illegal online gambling syndicate


Police in Sabah, Malaysia, have arrested 23 Chinese nationals which they say were operating an illegal online gambling syndicate out of three apartments being used as call centers.

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S&P lowers Genting Malaysia’s credit ratings on higher leverage


On Wednesday, S&P Global Ratings lowered its long-term issuer credit rating on Genting Malaysia to 'BBB+' from 'A-', citing the firm’s aggressive expansion plans that are increasing leverage and weakening cash flow.

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RGB sees improved performance for 2019


RGB International said it expects strong regional demand for its products and services to translate into a better performance for 2019.

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Genting Malaysia 19Q3 revenue edges up slightly


Genting Malaysia registered a marginal increase in total revenue in the third quarter of 2019, rising one percent to RM2.6 billion (US$630 million).

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Malaysian Islamic Party softens anti-gambling policies


The Malaysian state of Terengganu, governed by the Malaysian Islamic Party, is reportedly mulling a relaxation of its bans on gambling and alcohol in order to attract visits from cruise ships.

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Genting Malaysia theme park seen opening in Q3/2020


Genting Malaysia is planning a soft opening of its theme park in Q3, 2020, though the park will be more expensive than anticipated.

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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