{"id":22908,"date":"2021-09-23T11:27:21","date_gmt":"2021-09-23T14:27:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22908"},"modified":"2026-04-23T15:23:50","modified_gmt":"2026-04-23T18:23:50","slug":"resorts-world-genting-to-reopen-from-october-1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/resorts-world-genting-to-reopen-from-october-1","title":{"rendered":"Resorts World Genting to reopen from October 1"},"content":{"rendered":"\n

Genting Malaysia’s Resorts World Genting will reopen from October 1.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- As the vaccination rates continue rising in Malaysia,\u00a0Genting Malaysia<\/a>\u00a0has been told it can reopen its Resorts World Genting from October 1<\/strong>.<\/p>\n\n\n\n

The news has been well received by the casino operator which closed all of its services\u00a0<\/strong>in June after Malaysian Prime Minister announced a nationwide\u00a0Covid-19 lockdown.<\/strong>\u00a0Until then, the resort\u2019s hotels, food and beverage outlets, shopping malls, retail outlets and other facilities remained open.<\/p>\n\n\n\n

According to analysts at Nomura,\u00a0the reopening would be a positive development for the casino operator<\/strong>. They said: \u201cIt is in line with our expected timeline of an end-September or early-October reopening, and we think it is slightly earlier than consensus expectations.\u201d<\/p>\n\n\n\n

The announcement of the reopening came after authorities announced\u00a080 per cent of the population has been fully vaccinated\u00a0<\/strong>against the Covid-19.<\/p>\n\n\n\n

Genting Malaysia<\/a> had reported gaming revenue for the first half was MYR1.14bn, down 23.3 per cent year-on-year due to the closure of its venue. The leisure and hospitality business saw revenue rise by MYR155.7m when compared to the previous year.<\/p>\n\n\n\n

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the second quarter was positive by MYR45.6m. In the second quarter of 2020, the company recorded an adjusted EBITDA loss of MYR486.2m. For the first six months of 2021, Genting Malaysia saw a negative EBITDA of MYR64.8m (US$42.2m)<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Genting Malaysia’s Resorts World Genting will reopen from October 1.<\/p>\n","protected":false},"author":176,"featured_media":18485,"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's Resorts World Genting is set to reopen on October 1st, following Malaysia achieving an 80% national vaccination rate. This development, which aligns with or slightly precedes analyst expectations, is anticipated to positively impact the casino operator's financial performance after significant revenue declines due to prior closures. The reopening signals a potential recovery trajectory for its gaming and leisure segments.","focusai_entities":"Genting Malaysia, Resorts World Genting, Nomura","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q4 GGR Outlook?","query":"What is the projected impact of Resorts World Genting's October 1st reopening on Genting Malaysia's Q4 2021 Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR), considering potential operational capacity limitations and visitation ramp-up?"},{"label":"Operational Cost Structure?","query":"How will the implementation of new health and safety protocols impact Resorts World Genting's operational cost structure and EBITDA margins in the initial post-reopening phase?"}],"footnotes":""},"categories":[28,158,16333],"tags":[19394,23907,23922],"class_list":["post-22908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-slider-home","category-south-east-asia-news","tag-genting-malaysia","tag-land-based-casino","tag-resorts-world-genting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22908","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=22908"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22908\/revisions"}],"predecessor-version":[{"id":22938,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22908\/revisions\/22938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18485"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}