{"id":24359,"date":"2021-11-09T11:01:49","date_gmt":"2021-11-09T14:01:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24359"},"modified":"2026-04-23T14:01:35","modified_gmt":"2026-04-23T17:01:35","slug":"genting-skyworlds-close-to-official-opening","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-skyworlds-close-to-official-opening","title":{"rendered":"Genting SkyWorlds close to official opening"},"content":{"rendered":"\n

Genting Malaysia has revealed that Genting SkyWorlds, its new outdoor theme park has started technical rehearsals and could open next month.<\/p>\n\n\n\n\n\n\n\n

Malaysia.-\u00a0Genting Malaysia<\/strong>\u00a0has started technical rehearsals at\u00a0Genting SkyWorlds<\/strong>, its new outdoor theme park at Resorts World Genting. It has partially opened the venue to employees and some guests.<\/p>\n\n\n\n

The park, which is\u00a0expected to lead to higher visitor arrivals to the IR<\/a>, could be allowed to open its doors by the beginning of next month just in time to capture pent-up demand in the run-up to the year-end holidays.<\/p>\n\n\n\n

Maybank IB Research\u00a0<\/strong>has reported that it expects Genting Malaysia\u2019s earnings before interest, taxes, depreciation, and amortization (EBITDA) to increase by 475 per cent in the fiscal year 2022 after Genting SkyWorlds opens. In October, the banking group\u00a0Nomura Securities<\/a>\u00a0said that an increase in Malaysia’s vaccination rate\u00a0could be positive for Resorts World Genting<\/strong>.\u00a0<\/p>\n\n\n\n

The casino venue has recently reopened<\/a> on a limited basis and has said more facilities and offerings will be reopened once interstate travel is allowed. <\/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 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":"

Genting Malaysia has revealed that Genting SkyWorlds, its new outdoor theme park has started technical rehearsals and could open next month.<\/p>\n","protected":false},"author":176,"featured_media":18062,"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 new outdoor theme park, Genting SkyWorlds, is commencing technical rehearsals with a potential opening next month, poised to significantly boost visitor arrivals and financial performance at Resorts World Genting. Analysts project a substantial increase in Genting Malaysia's EBITDA for FY2022 and a potential credit outlook upgrade, driven by pent-up demand and improving vaccination rates.","focusai_entities":"Genting Malaysia, Genting SkyWorlds, Resorts World Genting, Maybank IB Research, Nomura Securities, Fitch Ratings","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Uplift Projection","query":"What is the projected incremental Gross Gaming Revenue (GGR) contribution to Resorts World Genting directly attributable to the Genting SkyWorlds launch, factoring in cross-vertical visitation and average spend per visitor?"},{"label":"Capex & Debt Impact","query":"How will the operational ramp-up and initial performance of Genting SkyWorlds influence Genting Malaysia's near-term capital expenditure requirements and its capacity for accelerated debt reduction, particularly concerning its 'BBB-' credit outlook?"}],"footnotes":""},"categories":[23876,16333],"tags":[19394],"class_list":["post-24359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24359","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=24359"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24359\/revisions"}],"predecessor-version":[{"id":24366,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24359\/revisions\/24366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}