11/26/20 Alphonic Technology signs service partnership with ITL in Southeast Asia Innovative Technology has established a service partnership with Asia-based automated cash handling solutions provider Alphonic Technology.
11/12/20 Malaysia to invest US$3.6m in esports in 2021 It will be the third year the national government has directed millions to develop the sector
11/09/20 Malaysia extends lockdown but RWG remains open Resort World Genting has confirmed it will remain open despite the extension of lockdown measures in other areas of the country.
10/22/20 Malaysia loses US$724m to illegal syndicates There are six licensed NFOs in the country that report annual revenues of more than US$2.1bn and make tax payments of US$482m.
10/20/20 Malaysia: tax hikes not expected for casinos RHB Investment Bank has said a new increase is unlikely as Genting Malaysia is still recovering from the financial hit wrought by the pandemic.
10/14/20 RWG to remain open despite Malaysia lockdown While some cities in the country undergo a partial lockdown for two weeks due to new Covid-19 cases, Resorts World Genting will remain open.
10/12/20 Genting Bhd EBITDA to fall 70%, analyst says The drop in visitors to Resorts World Sentosa and Resorts World Genting will hit earnings hard, Maybank IB forecasts.
09/24/20 Genting Malaysia to “leverage domestic demand” The group has also confirmed its movie-inspired theme park is still scheduled to open in mid-2021.
09/18/20 Genting Malaysia can expect EBITDA turnaround in Q4 With the reopening of its major casinos the company can expect a recovery, according to analysts from Nomura.
09/17/20 Malaysia may tighten Covid-19 restrictions If cases rise in the country, authorities will introduce a Movement Control Order, which involves the closure of casinos.
09/11/20 Malaysia: Genting downgraded to negative RAM Ratings has downgraded Genting Berhad and Genting Malaysia Berhad’s outlooks from stable to negative.
09/10/20 Malaysia: online gambling rises during pandemic Due to lockdown measures, online gambling has doubled in the state of Sarawak.
08/28/20 Malaysia to keep borders shut Authorities fear imported cases of Covid-19 would ruin the country’s success in controlling the outbreak.
08/28/20 Genting Group posts US$398m loss for Q2 Revenue was down 80 per cent year-on-year at US$265.5 million.
07/30/20 Singapore-Malaysia travel bubble to start in August The initiative would benefit Marina Bay Sands and Resorts World Sentosa, since Malaysia is one of their main sources for guests and players.
