{"id":29645,"date":"2022-05-06T09:13:17","date_gmt":"2022-05-06T12:13:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29645"},"modified":"2026-04-23T08:56:37","modified_gmt":"2026-04-23T11:56:37","slug":"analysts-cut-rws-visitor-expectations-for-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analysts-cut-rws-visitor-expectations-for-2022","title":{"rendered":"Analysts cut RWS visitor expectations for 2022"},"content":{"rendered":"\n<p>Analysts blamed the Omicron variant of Covid-19 for a drop in the number of visitor arrivals at Resorts World Genting.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.- When\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/malaysia-to-reopen-borders-from-april-1\" target=\"_blank\">Malaysia reopened its borders to foreign travellers<\/a> from April 1, the news was welcomed by Resorts World Genting, the only casino complex in the country. However, a new wave of Covid-19 cases linked to the Omicron variant could dampen expectations.<\/p>\n\n\n\n<p>According to\u00a0<strong>analysts at Maybank Investment Bank Bhd<\/strong>, the expected number of visitors for 2022 is now 21 million, down from the previous forecast of 24 million. As a result, <strong>analysts have cut earnings expectations for the casino operator by 40 per cent<\/strong>. <\/p>\n\n\n\n<p>They expect that Resorts World Genting will be able to return to full operations (currently only circa 5,000 of its 10,000 rooms are operating) in 2023, provided there is a significant drop in Covid-19 cases.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-posts-net-profit-of-us29-5m-for-q4\" rel=\"noreferrer noopener\">Genting Malaysia<\/a>&nbsp;showed a return to profit of nearly MYR124.1m (US$29.5m) in the fourth quarter of the year 2021 compared to a MYR258.2m loss a year earlier.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-malaysias-earnings-to-improve-in-q4-analysts-say\" rel=\"noreferrer noopener\">For the third quarter of the last year<\/a>, Genting Malaysia had reported that its net loss had contracted to MYR289m from MYR705m registered in the same quarter in 2020. However, the company saw better results in Q4, recording an 81.5-per cent year-on-year improvement in revenue to MYR1.89bn. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was MYR738.1m.<\/p>\n\n\n\n<p>Full-2021 revenue was down 8.2 per cent year-on-year to MYR4.16bn but adjusted EBITDA more than doubled to MYR727m. Net loss declined by 55.5 per cent to MYR1.05bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts blamed the Omicron variant of Covid-19 for a drop in the number of visitor arrivals at Resorts World Genting.<\/p>\n","protected":false},"author":176,"featured_media":18534,"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 Omicron variant's impact on visitor arrivals has led Maybank Investment Bank Bhd to reduce Resorts World Genting's 2022 visitor forecast to 21 million and cut earnings expectations by 40%. Despite this, Genting Malaysia reported a return to profit in Q4 2021, driven by significant revenue growth, though full operational capacity is not anticipated until 2023. The company's full-year 2021 revenue declined, but adjusted EBITDA more than doubled, and net loss significantly contracted.","focusai_entities":"Resorts World Genting, Maybank Investment Bank Bhd, Genting Malaysia","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR & NGR Impact?","query":"Considering the 40% reduction in earnings expectations and revised visitor forecasts, what specific GGR and NGR adjustments are projected for Resorts World Genting in FY2022, and what is the sensitivity to further variant-driven disruptions?"},{"label":"Operational Efficiency Metrics?","query":"With only 50% of rooms currently operational, what are the key operational efficiency metrics (e.g., revenue per available room, gaming yield per visitor) that Genting Malaysia is targeting to optimize profitability ahead of full operational recovery in 2023?"}],"footnotes":""},"categories":[157,16333],"tags":[23922],"class_list":["post-29645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-resorts-world-genting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29645","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=29645"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29645\/revisions"}],"predecessor-version":[{"id":29667,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29645\/revisions\/29667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18534"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}