{"id":26722,"date":"2022-01-28T09:34:13","date_gmt":"2022-01-28T12:34:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26722"},"modified":"2026-04-23T11:49:08","modified_gmt":"2026-04-23T14:49:08","slug":"genting-skyworlds-to-open-in-february","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-skyworlds-to-open-in-february","title":{"rendered":"Genting SkyWorlds to open in February"},"content":{"rendered":"\n<p>Genting Malaysia Bhd has offered a \u201csneak preview\u201d of its new outdoor theme park, which it says will finally open its doors to the public next month.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.- After multiple delays, mainly due to the Covid-19 pandemic, the opening of\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-working-on-genting-skyworlds-opening\">Genting SkyWorlds theme park<\/a>\u00a0will finally go ahead in February, Genting Malaysia says. Genting SkyWorlds is seen as a possible crowd-puller for other Resorts World Genting facilities.<\/p>\n\n\n\n<p>It&#8217;s estimated that visitor arrivals to Genting&#8217;s resort in Malaysia could increase to 23 million and 27 million people\u00a0in the fiscal year 2022 and fiscal year 2023 respectively.\u00a0Before the Covid-19 pandemic, 29 million people visited in fiscal year 2019.<\/p>\n\n\n\n<p>Public Investment Bank Bhd analyst Eltricia Foong said: &#8220;We are forecasting Genting Malaysia to turn profitable this year after two years of setbacks.\u00a0While we do not\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-to-return-to-profitability-in-2022-analysts-say\">expect profit to revert to pre-pandemic levels in FY22F,<\/a>\u00a0we believe there are limited earnings risks as full lockdown is not likely to be re-introduced, considering the high vaccination rate achieved.&#8221;<\/p>\n\n\n\n<p>Foong said that due to travel restrictions,\u00a0the park may focus on local tourists\u00a0for at least the next six months.\u00a0\u00a0<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-skyworlds-might-open-for-chinese-new-year-analysts-say\">Maybank IB Research<\/a><strong>\u00a0<\/strong>has previously reported that it expects Genting Malaysia\u2019s earnings before interest, taxes, depreciation, and amortization (EBITDA) to increase by 501 per cent in fiscal year 2022 after Genting SkyWorlds opens to MYR3.23bn (US$767.9m).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genting Malaysia Bhd has offered a \u201csneak preview\u201d of its new outdoor theme park, which it says will finally open its doors to the public next month.<\/p>\n","protected":false},"author":176,"featured_media":26758,"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 Bhd is set to open its Genting SkyWorlds theme park in February after multiple delays, primarily due to the Covid-19 pandemic. Analysts project this new attraction will significantly boost visitor arrivals to Resorts World Genting, driving Genting Malaysia back to profitability in FY22 with substantial EBITDA growth, albeit initially relying on local tourism.","focusai_entities":"Genting Malaysia Bhd, Genting SkyWorlds, Resorts World Genting, Public Investment Bank Bhd, Eltricia Foong, Maybank IB Research","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), marketing_crm (0.75), investor_analyst (0.98), journalist_researcher (0.88)","focusai_suggestions":[{"label":"Impact on NGR?","query":"How will the theme park's opening impact the NGR contribution from the gaming vertical at Resorts World Genting, considering the projected increase in overall visitor arrivals?"},{"label":"ROI & Capital Allocation?","query":"What is the projected ROI timeline for the Genting SkyWorlds theme park, and how does this capital expenditure align with Genting Malaysia's broader capital allocation strategy for its integrated resorts portfolio?"}],"footnotes":""},"categories":[157,16333],"tags":[19394],"class_list":["post-26722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26722","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=26722"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26722\/revisions"}],"predecessor-version":[{"id":26740,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26722\/revisions\/26740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26758"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}