{"id":16673,"date":"2021-04-07T16:08:13","date_gmt":"2021-04-07T16:08:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16673"},"modified":"2026-04-23T20:32:38","modified_gmt":"2026-04-23T23:32:38","slug":"genting-malaysia-should-reach-pre-pandemic-level-ebitda-by-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-should-reach-pre-pandemic-level-ebitda-by-2022","title":{"rendered":"Genting Malaysia should reach pre-pandemic level EBITDA by 2022"},"content":{"rendered":"\n

Genting Malaysia’s Resorts World Genting has recovered to 66 per cent of 2019 Q3 revenue.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- According to Fitch Ratings Inc, Genting Malaysia should recover from the Covid-19 pandemic<\/strong> “in one or two years” thanks to maintaining financial discipline and operating flexibility.<\/p>\n\n\n\n

Although analysts predicted\u00a0that Genting Malaysia will see earnings fall by 10 per cent in 2021<\/em><\/a>,\u00a0<\/em>the company has good prospects thanks to healthy demand from the domestic market.<\/p>\n\n\n\n

Fitch also expects Genting Malaysia net debt\/EBITDA would fall to below three times<\/strong> by end-2022.<\/p>\n\n\n\n

The company\u2019s Malaysian IR, Resorts World Genting<\/strong> (RWG),\u00a0suspended operations in January 2021<\/em><\/a>\u00a0after a new wave of Covid-19 but reopened a month later.<\/p>\n\n\n\n

Fitch said: “The jump in gross gaming revenues when there are no travel bans shows resilient domestic demand<\/strong>, which supports Genting Malaysia\u2019s recovery.”<\/p>\n\n\n\n

The company is expecting to open an outdoor theme park at the RWG in mid-2021 <\/strong>which could draw an additional 1.5 million to 2 million visitors per year and generate an additional MYR400m to MYR500m in revenue<\/strong>.<\/p>\n\n\n\n

Genting Bhd CEO sees signs of \u201cnascent recovery\u201d in gaming across Asia<\/h2>\n\n\n\n

Lim Kok Thay, chairman and chief executive of Genting Bhd<\/strong>, said the regional gaming market has seen a nascent recovery<\/strong>.<\/p>\n\n\n\n

He said Genting would continue to take measures to optimise productivity and improve operational efficiency<\/strong> although the Covid-19 pandemic brought \u201cunprecedented challenges.\u201d<\/p>\n\n\n\n

He said Genting Singapore continues to have an interest in a casino licence in Japan <\/strong>and the group would \u201cevaluate the conditions\u201d of futures request-for-proposal processes for a Japan integrated resort<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Genting Malaysia’s Resorts World Genting has recovered to 66 per cent of 2019 Q3 revenue.<\/p>\n","protected":false},"author":176,"featured_media":16674,"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 is demonstrating a robust recovery, with Resorts World Genting's Q3 revenue reaching 66% of 2019 levels, supported by strong domestic demand and financial discipline. Fitch Ratings projects full recovery within two years and improved debt metrics. Concurrently, Genting Bhd is pursuing strategic growth initiatives, including a new theme park in Malaysia, expansion in Singapore, and continued interest in a Japan integrated resort license, signaling a broader regional gaming market rebound.","focusai_entities":"Genting Malaysia, Resorts World Genting, Fitch Ratings Inc, Genting Bhd, Lim Kok Thay, Resorts World Sentosa, Genting Singapore","focusai_location":"Malaysia, Singapore, Japan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Japan IR Strategy","query":"What specific regulatory and market conditions in Japan are Genting evaluating for future integrated resort request-for-proposal processes, and how might these influence their investment thesis?"},{"label":"Post-Pandemic GGR Drivers","query":"Beyond resilient domestic demand, what specific operational efficiencies and marketing strategies are Genting Malaysia implementing to accelerate GGR recovery and achieve pre-pandemic revenue levels within the projected timeframe?"}],"footnotes":""},"categories":[163,16333],"tags":[1076,19394,23922],"class_list":["post-16673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting","tag-genting-malaysia","tag-resorts-world-genting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16673","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=16673"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16673\/revisions"}],"predecessor-version":[{"id":16692,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16673\/revisions\/16692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16674"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Lim Kok Thay also talked about the expansion of Resorts World Sentosa<\/a><\/em> in Singapore and reaffirmed a capital expenditure budget of SGD4.5bn (US$3.4bn) to incorporate health and safety measures<\/strong> to adapt the complex to the post-pandemic environment.<\/p>\n\n\n\n