Maybank Kim Eng’s Yin Shao Yang is keeping his “buy” call and 95 cents target price on Genting Singapore, following 4QFY2020 earnings reported by Las Vegas Sands Corp.
The New Year hasn’t brought the relief that had been hoped for Asia’s devastated tourism industry, with new outbreaks of Covid-19 across the region dampening expectations for an early opening of borders.
The pro-native American stance of incoming U.S. President Joe Biden may be positive for Genting Malaysia's investment in a Mashpee Wampanoag casino project, Maybank wrote in a research note.
Genting Malaysia's Resorts World Genting said it will close up until Feb. 4th due to movement control orders to stop the spread of Covid-19.
Genting Malaysia's 2021 earnings estimates have been cut by 22 percent by analysts at Kenanga Research due to more Covid-19 lockdowns in Malaysia and the U.K.
Genting Malaysia's U.K. unit has permanently closed its casino in Southport in Northwest England, with 38 staff facing redundancy. The group has already closed casinos in Margate, Torquay and Bristol and has reduced its workforce in London, Glasgow,...
Resorts World Genting says its reducing its capacity, cutting its operating hours and closing some facilities due to anticipated lower visitor arrivals amongst Malaysia's latest round of restrictions to curb rising Covid-19 cases.
Sports Toto Malaysia, Magnum Bhd and Pan Malaysian Pools have again closed their outlets in areas under Movement Control Orders due to rising Covid-19 cases. The affected areas are Penang, Selangor, Melaka, Johor and Sabah as well as the federal territories...
Genting Malaysia said several canteen workers at its Resorts World Genting resort had tested positive for Covid-19 during regular health screening in early January. The canteens are not accessible to the public.
The Malaysian government has reinstated the number of special lottery draws that can be carried out each year to 22, up from eight last year, to raise extra revenue following the pandemic.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Kenanga Research expects Malaysia's casino operator to rebound more swiftly than its number forecast operators, as border restrictions ease. The sector valuation remains attractive as gaming stocks were still 15-26 percent cheaper than a year ago.
Resorts World Genting says it remains open and is not part of a nearby area that is subject to an Enhanced Movement Control Order.
Malaysia's Department of Integrity and Compliance Standards (JIPS) of the Royal Malaysia Police says it continues to receive many complaints from the public alleging the police are failing in their responsibilities to enforce the law, especially against...
Malaysia and Dubai are both being viewed as potential bases for online gambling operations, as an alternative to the Philippines, where the cost of doing business has risen to a level considered as unacceptable by many operators.
Behind the sea of red in Genting Malaysia’s Q3 results, analysts found reason for cheer in the performance of its domestic operations, which generated a positive EBITDA of RM541 million ($133 million) in the quarter.
The pandemic that brought the world to a standstill, making people evaluate their priorities in life. It is a time when wearing a mask is a "norm" and being able to fly without going through a quarantine is a "luxury".
Gary Bowerman, tourism industry analyst and director of Check-in Asia, speaks with Asia Gaming Brief managing editor Sharon Singleton about prospects for tourism recovery in 2021, how governments are seeking to boost domestic travel to plug the gaps and...
Shares in Genting Malaysia rose nearly 5 percent on Monday, hitting their highest level in nine months, on expectations the government's easing of restrictions on interstate travel will benefit the casino operator.
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