Tag Archives Berhad

Optimistic fourth-quarter prediction for Genting Malaysia Berhad

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Asian casino operator Genting Malaysia Berhad is reportedly set to see its business prospects improve beginning from the fourth quarter although its various subsidiaries could face a much longer road to complete recovery. According to a report from Inside Asian Gaming, this is the opinion of international brokerage Nomura Securities Company Limited and was ...

Genting Malaysia Berhad bailout for Resorts World Catskills

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Minority shareholders in Asian casino operator Genting Malaysia Berhad are reportedly unlikely to be pleased with the company’s recent decision to pump another $150 million into its loss-making Empire Resorts Incorporated subordinate. According to a report from GGRAsia, this is the opinion of international brokerage Nomura Securities Company Limited after the Malaysian firm revealed ...

Genting Malaysia Berhad records a disappointing fourth quarter

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Asian casino operator Genting Malaysia Berhad has reportedly released its unaudited financial results for the final three months of 2019 showing that its net profit had crashed by almost 60% year-on-year to about $66.9 million as aggregated revenues declined by 2.6% to slightly over $578.9 million. According to reports from Inside Asian Gaming and ...

Genting Malaysia Berhad initiates Empire Resorts Incorporated purchase

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Asian casino operator, Genting Malaysia Berhad, has reportedly announced the start of the $128.6 million deal that is due to see it fully acquire smaller American counterpart Empire Resorts Incorporated. According to a report from Inside Asian Gaming, the Malaysian firm used an official filing to detail that the purchase is set to involve ...

Genting Malaysia Berhad resolves lawsuit against The Walt Disney Company

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Asian casino operator Genting Malaysia Berhad has reportedly announced that it has reached a settlement that has ‘fully resolved’ the $1 billion lawsuit it filed against The Walt Disney Company late last year. Park progress: According to a Friday report from GGRAsia, the Kuala Lumpur-listed firm used an official filing to detail that the resolution ...