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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 ...
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 (GENM:Bursa Malays) subsidiary Genting Singapore Limited (SGX: G13), both under the Genting Group umbrella, has entered into an agreement with Japanese multinational corporation Canon Inc. (7751:Tokyo) that will see the two companies establish a partnership relating to “cutting-edge technologies, products and solutions” for a world-class IR (integrated resort). Included in the ‘basic ...
Asian casino operator Genting Malaysia Berhad has reportedly seen visitation levels at the gambling-friendly venues within its Resorts World Genting development recover recently to reach just over 50% of their pre-pandemic intensities. According to a report from Inside Asian Gaming, the sprawling Malaysian property was completely shuttered for an almost 13-week period from March ...
Asian casino operator Genting Malaysia Berhad has reportedly announced that it will be partially resuming gambling entertainment within its Resorts World Genting development from tomorrow following an over 13-week coronavirus-related shutdown. According to a report from GGRAsia, the Kuala Lumpur-listed firm detailed that members of its Genting Rewards loyalty scheme will be able to ...
The coronavirus pandemic led to casino resorts closing around the world, starting in March. Since that time, venues have remained closed in an effort to slow the spread of the deadly disease. Over the past few weeks, casinos in areas like the United States have started to get back to work. For Genting Malaysia, ...
In the United Kingdom, three Genting Casino properties, Torquay, Bristol and possibly Margate, are expected to remain closed when COVID-19 operating restrictions are lifted as the company continues to deal with “unprecedented challenges” caused by the coronavirus pandemic. Furthermore, widespread job losses are expected across all 32 of the operator’s UK venues. The arm ...
The Singapore-headquartered arm of Asian casino giant Genting Malaysia Berhad has announced that it will be reducing the salaries of its senior staff as a way to cut costs in light of the ‘massive disruption to the travel and tourism industries’ caused by the recent coronavirus outbreak. Genting Singapore Limited used an official Tuesday ...
The latest casino closure related to the coronavirus outbreak is the Resorts World Genting. The casino complex located in the Genting Highlands will be closed temporarily starting March 18th through the end of the month. An announcement was issued by the casino management on Tuesday. Details of the Closure: Several areas of the complex ...
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 ...
The Genting Singapore Limited subsidiary of Asian gambling giant Genting Malaysia Berhad has reportedly announced that it is ‘in the process of exploring partners’ to help it win one of the coming trio of integrated casino resort licenses for Japan. According to a report from GGRAsia citing a Wednesday note from brokerage Sanford C ...
Shareholders for the Genting Singapore subsidiary of Asian gambling giant Genting Malaysia Berhad have reportedly overwhelmingly voted to support the firm’s attempt at securing one of a trio of coming Japanese integrated casino resort licenses. According to a report from Inside Asian Gaming, the Singapore-headquartered operator held an extraordinary general meeting yesterday at which ...
Genting has opened a new venue in South Kensington, after spending millions on the refurbishment project. Forty Five Kensington is now operational, the former home of Genting Casino Cromwell Mint. The property offers visitors a technologically advanced casino experience along with fine dining. Rebrand: The rebrand of the property involved a complete makeover of ...
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 ...
International leisure and entertainment business, Genting, has agreed a deal that will see it acquire LeoVegas’ subsidiary Authentic Gaming for EUR 15 m ($16.7m) on a “debt-free” basis, with the sales price representing a return of better than 100 percent during a period of just more than three years. The Malta-based live casino firm ...
GentingBet is now offering more to online customers via a new game launch at Genting Casino London Chinatown. Baccarat Live has now launched, adding to the live casino games portfolio of the provider. Players can now enjoy an immersive experience via a land-based venue from the comfort of home. New Gaming Option: With Baccarat ...
Asian cruise ship operator, Genting Hong Kong Limited, has reportedly announced the signing of a deal that is to see it sell up to a 35% stake in its Dream Cruises brand to an entity controlled by private equity firm TPG Growth in partnership with the Ontario Teachers’ Pension Plan. September start: According to ...
A trio of brokerages has reportedly expressed unease over a recent revelation from Asian casino operator, Genting Singapore Limited, that its second-quarter net profit had dropped by some 5.2% year-on-year to approximately $122.3 million. According to a report, the Singapore-listed firm detailed that its adjusted quarterly earnings before interest, taxation, depreciation and amortization would ...
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 ...
