{"id":31469,"date":"2022-07-06T03:34:35","date_gmt":"2022-07-06T06:34:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31469"},"modified":"2026-04-23T07:07:55","modified_gmt":"2026-04-23T10:07:55","slug":"genting-malaysia-to-benefit-from-borders-reopening-in-h2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-to-benefit-from-borders-reopening-in-h2","title":{"rendered":"Genting Malaysia to benefit from borders reopening in H2"},"content":{"rendered":"\n<p>Analysts at Hong Leong Investment Bank have said the casino operator will be one of the \u201cprime beneficiaries\u201d of the reopening of the country&#8217;s borders.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.- Genting Malaysia&#8217;s\u00a0<strong>Resorts World Genting<\/strong>\u00a0could be one of the big beneficiaries of the reopening of Malaysia\u2019s borders. Although the casino operator began to show\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-revenue-up-176-2-in-q1\" target=\"_blank\">signs of recovery during the first quarter of the year<\/a>, Hong Leong Investment Bank predicts better results in the second half.<\/p>\n\n\n\n<p>That&#8217;s because its new\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-skyworlds-to-launch-next-week\" target=\"_blank\">SkyWorlds theme park<\/a>, which opened in February, could be a particular draw for tourists following the reopening of borders.<\/p>\n\n\n\n<p>Analysts said: \u201cPrior to the opening of the theme park, the main attraction in RWG was its casino, which tends to attract, adult, non-Muslim crowds. The opening of\u00a0<strong>SkyWorlds allows RWG to attract a large and previously untapped Muslim market<\/strong>, which represents about 63 per cent of Malaysia\u2019s population.\u201d\u00a0<\/p>\n\n\n\n<p>The Malaysian ringgit is currently weak, making the country a relatively inexpensive holiday destination. Meanwhile, Malaysia has eased <strong>social restrictions and increased capacity in venues<\/strong>\u00a0and the Employees Provident Fund\u2019s withdrawal scheme bodes well for leisure spending.<\/p>\n\n\n\n<p>Malaysia has surpassed its target of 2 million inbound tourists for the full year as of June 21, although this is still only 17 per cent of pre-pandemic levels for the same period.<\/p>\n\n\n\n<p>For the first quarter of the year, revenue was up 176.2 per cent year-on-year to MYR1.72bn (US$391.3m). It also reported a net loss of MYR147.9m, narrowing by 70.5 per cent. Revenue from leisure and hospitality operations more than tripled year-on-year, to MYR920m.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Hong Leong Investment Bank have said the casino operator will be one of the \u201cprime beneficiaries\u201d of the reopening of the country&#8217;s borders.<\/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 Resorts World Genting is projected by Hong Leong Investment Bank to be a primary beneficiary of Malaysia's border reopening, driven by the new SkyWorlds theme park attracting a broader demographic, including the significant Muslim market. The integrated resort reported substantial Q1 revenue growth and narrowed net losses, with further recovery anticipated in H2 amidst favorable tourism conditions.","focusai_entities":"Hong Leong Investment Bank, Genting Malaysia, Resorts World Genting, SkyWorlds, Employees Provident Fund","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), product_ux (0.7), marketing_crm (0.8), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Projected GGR Uplift?","query":"What is the projected GGR uplift for RWG's casino operations specifically, considering the expanded visitor demographic from SkyWorlds and the overall tourism recovery?"},{"label":"Capital Expenditure Alignment?","query":"How does Genting Malaysia's current capital expenditure plan align with this projected growth, particularly regarding further non-gaming asset development and infrastructure improvements?"}],"footnotes":""},"categories":[163,16333],"tags":[19394],"class_list":["post-31469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31469","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=31469"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31469\/revisions"}],"predecessor-version":[{"id":31494,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31469\/revisions\/31494"}],"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=31469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}