{"id":23494,"date":"2021-10-13T10:18:03","date_gmt":"2021-10-13T13:18:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23494"},"modified":"2026-04-23T14:52:08","modified_gmt":"2026-04-23T17:52:08","slug":"malaysia-close-to-allowing-foreign-tourists-arrivals-soon","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/malaysia-close-to-allowing-foreign-tourists-arrivals-soon","title":{"rendered":"Malaysia close to allowing foreign tourists arrivals soon"},"content":{"rendered":"\n

Analysts at banking group Nomura predict that Malaysia is close to reopening its borders to selected foreign tourists soon as the vaccination rate continues to rise.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- As Malaysia continues to increase its vaccination rate<\/strong>, the country is close to allowing the arrival of “select foreign tourists” according to banking group Nomura.<\/p>\n\n\n\n

Analysts say the news could be positive for Genting Malaysia’s Resorts World Genting<\/strong>. The\u00a0casino venue has recently reopened<\/a>\u00a0on a limited basis and has said more facilities and offerings will be reopened once interstate travel is allowed.\u00a0<\/p>\n\n\n\n

The casino operator had closed all of its services <\/strong>in June after the Malaysian Prime Minister announced a nationwide Covid-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

Authorities have recently announced the resume of outbound overseas travel for fully vaccinated people <\/strong>and the resume of interstate domestic travels.<\/p>\n\n\n\n

Analysts at Nomura said: “We expect\u00a0the recent recovery in Genting Malaysia\u2019s share price to continue<\/strong>, as the Malaysian resort is now open to interstate travellers, setting the stage for a fourth-quarter earnings recovery.”<\/p>\n\n\n\n

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

Genting outlook could be upgraded in six to nine months<\/h2>\n\n\n\n

Fitch Ratings<\/a> has kept Genting\u2019s credit outlook at \u201cBBB-\u201d due to uncertainty surrounding the Covid-19 pandemic but says that could change in the next six to nine months<\/strong> if vaccination rates in key markets remain on track.<\/p>\n\n\n\n

According to Fitch, Genting is expected to reduce its leverage level from six times this year<\/strong> to four times in 2022 and three times in 2023. It is also expected that comprehensive EBITDA will reach 80 per cent of 2019 levels in 2022 and full recovery in 2023. <\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at banking group Nomura predict that Malaysia is close to reopening its borders to selected foreign tourists soon as the vaccination rate continues to rise.<\/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":"The impending reopening of Malaysia's borders to select foreign tourists, driven by robust vaccination progress, is poised to significantly bolster Genting Malaysia's operational and financial performance, particularly for Resorts World Genting. Nomura analysts forecast a sustained recovery in Genting Malaysia's share price and Q4 earnings, while Fitch Ratings, maintaining a \"BBB-\" credit outlook, projects an upgrade within 6-9 months, contingent on continued vaccination rates and anticipated deleveraging.","focusai_entities":"Nomura, Genting Malaysia, Resorts World Genting, Fitch Ratings","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.95), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Malaysia Capital Allocation","query":"Given the projected EBITDA recovery and deleveraging, what are Genting Malaysia's anticipated capital allocation strategies for reinvestment, M&A, or shareholder returns in the next 12-24 months?"},{"label":"Regulatory Framework Evolution","query":"How might the Malaysian government's approach to international tourism and gaming regulation evolve in response to the pandemic recovery, and what implications does this hold for future B2B\/B2C licensing and market expansion?"}],"footnotes":""},"categories":[157,16333],"tags":[19394,23907],"class_list":["post-23494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","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\/23494","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=23494"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23494\/revisions"}],"predecessor-version":[{"id":23505,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23494\/revisions\/23505"}],"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=23494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}