{"id":33820,"date":"2022-09-27T06:47:15","date_gmt":"2022-09-27T09:47:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33820"},"modified":"2026-04-23T04:32:51","modified_gmt":"2026-04-23T07:32:51","slug":"genting-malaysia-visitor-volume-hits-9-9m-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-visitor-volume-hits-9-9m-in-h1","title":{"rendered":"Genting Malaysia visitor volume hits 9.9m in H1"},"content":{"rendered":"\n

In the six months to June 30, Resorts World Genting received 9.9 million visitors, up from 2.1 million last year.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Genting Malaysia<\/strong> has reported that Resorts World Genting, Malaysia’s only casino resort, saw visitor numbers quadruple in the first half of the year, from 2.1 million in H1 2021 to 9.9 million<\/strong>. The company has also announced that it expects to open three new attractions at its Genting SkyWorlds park in the fourth quarter.<\/p>\n\n\n\n

At the CITIC CLSA’s 29th Annual Flagship Investor Forum 2022, it noted, however, that for first-half visitors who stayed overnight (18 per cent), the average nightly rate fell 7.1 per cent year-on-year, from MYR423 to MYR226 (US$49.02).<\/p>\n\n\n\n

In June, the company announced a series of marketing strategies<\/a> and increased database analytics intending to attract more visitors. Revenue was up 166 per cent<\/a> year-on-year to MYR2.18bn (US$486.5m) in the second quarter of the year.<\/p>\n\n\n\n

Given the clear signs of recovery, Fitch<\/strong> Ratings<\/strong> has upgraded Genting Malaysia<\/a>\u2019s long-term Issuer Default Rating (IDR) from \u201cnegative\u201d to \u201cstable\u201d. Fitch said that Genting Malaysia sees a stable outlook<\/strong> driven by a strong recovery of gaming revenue, particularly in Malaysia and the US after Covid-19 restrictions were eased.<\/p>\n\n\n\n

GMM Limited<\/a>, a company linked to Lim Kok Thay, chairman of Genting Group, has submitted a bid for casino licence in Macau, but it’s generally considered to have an outside chance of getting one, or more likely partnering with another operator. Macau’s six 10-year concessions are due to start in January.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the six months to June 30, Resorts World Genting received 9.9 million visitors, up from 2.1 million last year.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 reported a significant H1 2022 recovery, with visitor numbers quadrupling and Q2 revenue up 166% year-on-year, leading Fitch Ratings to upgrade its Issuer Default Rating to \"stable.\" Concurrently, a Genting-linked entity has submitted a bid for a Macau casino concession, signaling potential market expansion amidst the region's upcoming license renewals.","focusai_entities":"Resorts World Genting, Genting Malaysia, CITIC CLSA, Fitch Ratings, GMM Limited, Lim Kok Thay, Genting Group","focusai_location":"Malaysia, Macau, US","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Genting Macau Strategy?","query":"What is Genting Group's strategic rationale and potential partnership approach for its Macau casino license bid, given the competitive landscape and current concession renewal dynamics?"},{"label":"Revenue Per Visitor Trend?","query":"How does the reported decline in average nightly rate for overnight visitors impact Genting Malaysia's overall GGR and NGR projections, despite the significant increase in visitor volume?"}],"footnotes":""},"categories":[157,158,16333],"tags":[19394],"class_list":["post-33820","post","type-post","status-publish","format-standard","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33820","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=33820"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33820\/revisions"}],"predecessor-version":[{"id":33853,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33820\/revisions\/33853"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}