Reopening confirmed in Genting Malaysia’s first-quarter results report which revealed a loss of MYR453.9 million (US$104.4 million).
Malaysia.- Resorts World Genting is preparing to resume operations at its casino resort, according to parent company Genting Malaysia.
The casino resort has been out-of-action since mid-March due to the Covid-19 pandemic and as part of efforts to prevent the spread of the virus in the country.
The update was included in Genting Malaysia’s first-quarter results report which revealed a loss of MYR453.9 million (US$104.4 million).
This is in comparison to the profit of MYR253.1 million (US$58.2million) recorded in 1Q19.
The company also noted that the launch of its new outdoor theme park had been delayed due to the pandemic.
“The Group is currently preparing for the resumption of operations and is focused on leveraging domestic demand to drive visitation and revenue.
“As development works on the outdoor theme park (OTP) were affected [by the pandemic], the Group is working on a revised timeline for the completion and opening of the OTP.”