{"id":15274,"date":"2021-02-26T15:34:18","date_gmt":"2021-02-26T15:34:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15274"},"modified":"2026-04-23T21:29:48","modified_gmt":"2026-04-24T00:29:48","slug":"genting-malaysia-revenue-down-57-3-in-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-revenue-down-57-3-in-2020","title":{"rendered":"Genting Malaysia revenue down 57.3% in 2020"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The company saw a decline in EBITDA because of restrictions to contain the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Malaysia.- Genting Malaysia saw EBITDA for full-year 2020 fall<strong> 69.1 per cent to MYR350.3m<\/strong> as revenue declined 57.3 per cent to MYR4.53bn.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the fourth quarter, the company reported EBITDA of MYR170.4m (US$42.2m), down 45.2 per cent from the previous quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company&#8217;s leisure and hospitality segment in Malaysia registered a decline in revenue of 56 per cent year-on-year <strong>to RM3,133.3m<\/strong>, predominantly due to the three-month suspension of Resort World Genting&#8217;s operations from March 18 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Genting Malaysia<strong> <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-reopens-resorts-world-venues\" target=\"_blank\">resumed operations at Resorts World Genting (RWG) and Resorts World Awana (RWA)<\/a><\/em><\/strong> in February 2021 after closure due to Covid-19 countermeasures. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The resorts currently operate with reduced capacity amid health and safety protocols<strong> <\/strong>imposed by Malaysian authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company saw a decline in EBITDA because of restrictions to contain the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Malaysia reported a significant decline in FY2020 EBITDA and revenue, primarily due to Covid-19 pandemic restrictions and the three-month suspension of its Resorts World Genting operations. While Q4 2020 also saw a substantial EBITDA drop, the company resumed operations at its Malaysian resorts in February 2021, albeit with reduced capacity and strict health protocols.","focusai_entities":"Genting Malaysia, Resorts World Genting, Resorts World Awana","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Recovery Trajectory","query":"What is Genting Malaysia's projected timeline for returning to pre-pandemic operational capacity and revenue generation, considering ongoing health protocols and potential future restrictions?"},{"label":"Capital Allocation Strategy","query":"How will Genting Malaysia's capital allocation strategy be adjusted in light of the significant revenue and EBITDA declines, particularly concerning future development projects or market expansion?"}],"footnotes":""},"categories":[157,158,16333],"tags":[19394,23907],"class_list":["post-15274","post","type-post","status-publish","format-standard","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-genting-malaysia","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15274"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15274\/revisions"}],"predecessor-version":[{"id":15303,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15274\/revisions\/15303"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}