{"id":24557,"date":"2021-11-16T14:08:31","date_gmt":"2021-11-16T17:08:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24557"},"modified":"2026-04-23T13:47:18","modified_gmt":"2026-04-23T16:47:18","slug":"malaysian-casino-industry-to-see-economic-rebound-in-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/malaysian-casino-industry-to-see-economic-rebound-in-q4","title":{"rendered":"Malaysian casino industry to see economic rebound in Q4"},"content":{"rendered":"\n

Vincent Khoo, UOB Kay Hian Malaysia’s head of research, has said that gaming and casino companies will see a substantial recovery in earnings during the last quarter of the year.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Casino operators can expect to see better results in Q4, according to analysts. Vincent Khoo, UOB Kay Hian Malaysia head of research,<\/strong>\u00a0has told The Malaysian Reserve that as the pandemic eases, tourism will be the main beneficiary of the upcoming economic reopening.\u00a0<\/p>\n\n\n\n

He said: “The gaming companies and casino segment is in a sweet spot to capitalise on this post-pandemic leisure boom.”<\/p>\n\n\n\n

As for the possible resurgence of Covid-19 cases, he said: “We think that\u00a0it is unlikely with Malaysia\u2019s stellar vaccination milestone\u00a0<\/strong>and gradually achieving herd immunity.\u00a0Authorities have made it clear they intend to restore a semblance of normalcy even without eradicating the virus.”<\/p>\n\n\n\n

Regarding other possible challenges the industry could face, he said: “Other challenges would include duty hikes and higher licensing costs from the government.<\/p>\n\n\n\n

“However, we also think that\u00a0the government is unlikely to raise gaming duties or licensing fees on Genting Group<\/strong>\u00a0as they would logically need to allow the gaming companies to regain sound financial footing, and as an abrupt rise in gaming duties would render Malaysia regionally uncompetitive and backfire on the need to raise revenue.”<\/p>\n\n\n\n

Resorts World Genting<\/a>\u00a0has been allowed to reopen, and Genting Malaysia Berhad<\/a>\u00a0has narrowed its net loss for the second quarter ending June 30, 2021, from a net loss of MYR904.42m in the same period last year to MYR348.11m<\/p>\n\n\n\n

Malaysia to reopen borders from January 1<\/h2>\n\n\n\n

The government of Malaysia<\/a>\u00a0has announced\u00a0it will reopen the country\u2019s borders by January 2022\u00a0<\/strong>as part of an economic recovery programme launched amid the easing of Covid-19 countermeasures. Muhyiddin Yassin, former Prime Minister<\/strong>, said the country\u2019s tourism industry went through difficult times during the Covid-19 pandemic and its recovery was slow without foreign visitors.<\/p>\n\n\n\n

Despite the announcement, authorities noted there will be control measures and people must show a Covid-19 negative test prior to entering the country. According to Health authorities, 75 per cent of Malaysia\u2019s population has been vaccinated against Covid-19.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vincent Khoo, UOB Kay Hian Malaysia’s head of research, has said that gaming and casino companies will see a substantial recovery in earnings during the last quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":18115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"UOB Kay Hian Malaysia forecasts a substantial Q4 earnings recovery for Malaysian gaming and casino operators, driven by easing pandemic restrictions and the country's border reopening in January 2022. Analysts anticipate a post-pandemic leisure boom will benefit companies like Genting Group, with the government unlikely to impose duty hikes that could compromise regional competitiveness.","focusai_entities":"Vincent Khoo, UOB Kay Hian Malaysia, The Malaysian Reserve, Genting Group, Genting Malaysia Berhad, Muhyiddin Yassin","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), operator_casino (0.98), investor_analyst (0.97), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Projections Q4\/FY22?","query":"What are the specific Gross Gaming Revenue (GGR) projections for Malaysian casino operators in Q4 2021 and FY2022, considering the anticipated tourism influx and current operational capacities?"},{"label":"Regional Competitiveness Impact?","query":"How might potential duty or licensing fee adjustments in Malaysia influence the competitive landscape for iGaming operators across Southeast Asia, particularly concerning B2C market share?"}],"footnotes":""},"categories":[157,16333],"tags":[19394,23907],"class_list":["post-24557","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\/24557","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=24557"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24557\/revisions"}],"predecessor-version":[{"id":24589,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24557\/revisions\/24589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18115"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}