Odds slowly turning in favour of Genting


The gaming company’s management is now planning to open another tower at its First World Hotel for an additional 1,400 rooms, besides the 2,000 hotel rooms it initially reopened. However, Genting Malaysia’s casinos in the United States and the UK remain closed for now.

THE reopening of Genting Malaysia Bhd’s flagship Resorts World Genting (RWG) some three weeks ago has received good response from patrons, a sign that the gaming company is on the road to recovery, albeit early days.

In an update on the gaming stock from the recent Invest Asean 2020 conference, an investment bank told its clients that the estimated footfall at the RWG complex on the hilltop of Genting Highlands reached half the numbers it used to see prior to the Covid-19 outbreak.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

GDA secures 84.12% holdings in MAHB takeover offer
CJ Century appoints Kim Hyunchul as deputy CEO
Ringgit ends lower against US dollar
Antom, AirAsia Move join forces for seamless payment solutions
MClean Technologies raises RM13.2mil through private placement
IGB-REIT sees RM264mil revaluation surplus
Bursa Malaysia tumbles as over 800 stocks end in the red
Tariffied? Markets feeling the most pinch from Trump tariff risks
Asia FX knocked by dollar's strength on healthy US data
Oil rises on tighter OPEC supply, US jobs data

Others Also Read