Resorts World Genting postpones reopening until further notice

The reopening of Genting Malaysia’s Resorts World Genting has been suspended until further notice as authorities aim for a 90 per cent vaccination rate against Covid-19.

Malaysia.- The highly expected reopening of Resorts World Genting has been delayed again as the government announces that domestic travel will only be allowed once the vaccination rate has reached 90 per cent.

The casino operator had closed all of its services in June after the Malaysian Prime Minister announced a nationwide Covid-19 lockdown. Until then, the resort’s hotels, food and beverage outlets, shopping malls, retail outlets and other facilities remained open.

Genting Malaysia reported gaming revenue for the first half of MYR1.14bn, down 23.3 per cent year-on-year due to the closure of its venue. The leisure and hospitality business saw revenue rise by MYR155.7m when compared to the previous year.

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the second quarter was positive by MYR45.6m. In the second quarter of 2020, the company recorded an adjusted EBITDA loss of MYR486.2m. For the first six months of 2021, Genting Malaysia saw a negative EBITDA of MYR64.8m (US$42.2m).