{"id":21105,"date":"2021-08-05T14:03:27","date_gmt":"2021-08-05T17:03:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21105"},"modified":"2026-04-23T16:54:18","modified_gmt":"2026-04-23T19:54:18","slug":"malaysia-gaming-earnings-could-pick-up-by-year-end","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/malaysia-gaming-earnings-could-pick-up-by-year-end","title":{"rendered":"Malaysia: gaming earnings could pick up by year-end"},"content":{"rendered":"\n<p>Analysts predict Malaysian gaming earnings will start to recover by the end of the current year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.- Malaysia continues to battle Covid-19 but analysts believe\u00a0<strong>the gaming industry should start to see an improvement <\/strong>by the end of the current year.<\/p>\n\n\n\n<p>UOB Kay Hian analysts said: &#8220;Though<strong>\u00a0casinos are expected to reopen later than number forecast operators<\/strong>, the casino segment offers substantial returns which extend through 2022.&#8221;<\/p>\n\n\n\n<p>The&nbsp;<strong>recovery of the gaming sector<\/strong>&nbsp;will be highly attached to the reopening of Malaysia&#8217;s borders, which analysts expect will occur between August and September.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Resorts World Genting remains closed&nbsp;<\/strong><\/h2>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/resorts-world-genting-announces-complete-closure\">Resorts World Genting<\/a>&#8216;s casino has been closed since Macy. It <strong>closed all of its services <\/strong>in June, after Malaysian Prime Minister Muhyiddin Yassin announced a nationwide<strong>\u00a0Covid-19 lockdown.<\/strong> Until then, the resort\u2019s hotels, food and beverage outlets, shopping malls, retail outlets and other facilities remained open.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/analysts-cut-revenue-forecast-for-genting-malaysia\">Nomura analysts<\/a>\u00a0have predicted\u00a0<strong>Genting Malaysia will post a net loss of MYR651m<\/strong>\u00a0for the year, and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of MYR844m.\u00a0<\/p>\n\n\n\n<p>Analysts said revenue\u00a0<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>Analysts predict Malaysian gaming earnings will start to recover by the end of the current year.<\/p>\n","protected":false},"author":176,"featured_media":18219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Malaysian gaming earnings are projected to commence recovery by year-end, driven by anticipated border reopenings between August and September. While Number Forecast Operators may see earlier improvements, the casino segment, particularly Resorts World Genting, is expected to contribute substantial returns into 2022 despite current closures and significant forecasted net losses for Genting Malaysia.","focusai_entities":"UOB Kay Hian, Resorts World Genting, Muhyiddin Yassin, Nomura, Genting Malaysia","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Malaysia Outlook","query":"What are the specific drivers and potential headwinds influencing the projected MYR5.25bn revenue for Genting Malaysia, and how might the timing of border reopenings impact the 2022 GGR outlook for Resorts World Genting?"},{"label":"NFO vs. Casino Recovery","query":"Given the anticipated earlier recovery for Number Forecast Operators, what structural or regulatory factors differentiate their market resilience compared to integrated casino resorts in Malaysia, and what are the implications for diversified gaming portfolios?"}],"footnotes":""},"categories":[157,158,16333],"tags":[23907,23922],"class_list":["post-21105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-land-based-casino","tag-resorts-world-genting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21105","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=21105"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21105\/revisions"}],"predecessor-version":[{"id":21129,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21105\/revisions\/21129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18219"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}