{"id":18532,"date":"2021-06-01T16:52:03","date_gmt":"2021-06-01T16:52:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18532"},"modified":"2026-04-23T19:00:04","modified_gmt":"2026-04-23T22:00:04","slug":"resorts-world-genting-announces-complete-closure","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/resorts-world-genting-announces-complete-closure","title":{"rendered":"Resorts World Genting announces complete closure"},"content":{"rendered":"\n<p>Genting Malaysia has closed all operations at Resorts World Genting until further notice due to a total lockdown ordered by the government.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.- Resorts World Genting has\u00a0<strong>closed all of its services until further notice<\/strong>\u00a0after Malaysian Prime Minister Muhyiddin Yassin announced a nationwide<strong>\u00a0Covid-19 lockdown.<\/strong><\/p>\n\n\n\n<p>The\u00a0<strong>lockdown will remain for at least two weeks<\/strong> due to a rise in Covid-19 cases. The Ministry of Health has reported a total of<strong>\u00a06,824 new Covid-19 cases\u00a0<\/strong>in the last 24 hours.<\/p>\n\n\n\n<p>Resorts World Genting: &#8220;<strong>RWG will be temporarily closed until further notice<\/strong>. Essential resort-based services such as security, bomba, utilities and clinics will remain operational.&#8221;<\/p>\n\n\n\n<p>Last week\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/resorts-world-genting-closes-casino-until-further-notice\">Genting Malaysia<\/a>\u00a0had announced the closure of the casino but said the resort\u2019s\u00a0<strong>hotels, food and beverage outlets, shopping malls, retail outlets\u00a0<\/strong>and other facilities remained open.<\/p>\n\n\n\n<p>Genting Malaysia\u00a0had been highly criticised by two opposition politicians, who had questioned why\u00a0<strong>it was allowed to continue operating\u00a0<\/strong>while the country was seeing a rise in Covid-19 cases.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/analysts-cut-revenue-forecast-for-genting-malaysia\" rel=\"noreferrer noopener\">Nomura analysts<\/a>&nbsp;have recently predicted&nbsp;<strong>Genting Malaysia will post a net loss of MYR651m<\/strong>&nbsp;and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of MYR844m.&nbsp;<\/p>\n\n\n\n<p>Analysts said revenue <strong>could reach MYR5.25bn (US$1.26bn)<\/strong>, down from a previous forecast of MYR6.32bn (US$1.54bn).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genting Malaysia has closed all operations at Resorts World Genting until further notice due to a total lockdown ordered by the government.<\/p>\n","protected":false},"author":176,"featured_media":18534,"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 has fully suspended all operations at Resorts World Genting due to a nationwide COVID-19 lockdown in Malaysia, following a surge in cases. This complete closure, which includes previously open facilities, comes amidst political criticism regarding its prior partial operations. Nomura analysts have subsequently revised down financial forecasts, predicting a significant net loss and reduced revenue for Genting Malaysia.","focusai_entities":"Genting Malaysia, Resorts World Genting, Muhyiddin Yassin, Ministry of Health, Nomura","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on GGR?","query":"What is the projected impact on Genting Malaysia's Gross Gaming Revenue (GGR) and Non-Gaming Revenue (NGR) for the current fiscal quarter, considering the full operational suspension?"},{"label":"Liquidity & Debt?","query":"How might this extended closure affect Genting Malaysia's liquidity position and its ability to service existing debt obligations, particularly given the revised financial forecasts?"}],"footnotes":""},"categories":[28,16333],"tags":[19394,23922],"class_list":["post-18532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-genting-malaysia","tag-resorts-world-genting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18532","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=18532"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18532\/revisions"}],"predecessor-version":[{"id":18553,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18532\/revisions\/18553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18534"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}