Management of Malaysian IR Resorts World Genting confirmed the property\u2019s long-awaited outdoor theme park on track to open by mid-2020.<\/p>\n\n\n\n\n\n\n\n
Malaysia.- An update on Genting Malaysia\u2019s short-term prospects was provided in a series of analyst notes on Monday. RHB Investment Bank Bhd revealed the theme park is on track to open on time despite recent delays; associated with a\u00a0legal dispute with its former partners, Twenty-First Century Fox Inc and Walt Disney Co.<\/p>\n\n\n\n
The note to investors followed a site visit to the\nfacility at the gaming complex \u2013 Resorts World Genting \u2013 held for analysts on\nFriday.<\/p>\n\n\n\n
The theme park aims to have 25 rides when complete; some of which will utilize Fox intellectual properties as part of a recent settlement agreement reached.<\/p>\n\n\n\n
The analyst said that work on the theme park structures \u201c<\/a><\/strong>must be completed by first quarter 2020 <\/strong><\/a>to allow for several months of rides testing\u201d <\/em>and also to provide Fox Disney the chance to provide final certification.<\/p>\n\n\n\n \u201cHowever, judging from the stage of completion and aggressive staff hiring in the past few months, we do not discount the possibility of an earlier opening.\u201d<\/em><\/p>\n\n\n\n Furthermore, the cost of completing the theme park is also expected to rise; \u201cGenting Malaysia expects to incur more capex to complete the outdoor theme park in addition to the capex to date of approximately \u20ac643 million\u201d<\/em><\/p>\n\n\n\n Finally, analysts have suggested the completed theme park could attract up to an additional 2.5 million visitors per year.<\/p>\n","protected":false},"excerpt":{"rendered":" Management of Malaysian IR Resorts World Genting confirmed the property\u2019s long-awaited outdoor theme park on track to open by mid-2020.<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Resorts World Genting's outdoor theme park in Malaysia is confirmed to open by mid-2020, despite prior legal disputes with Twenty-First Century Fox Inc and Walt Disney Co. The project, which will feature Fox intellectual properties, is expected to incur additional capital expenditure beyond the initial \u20ac643 million and is projected to attract an extra 2.5 million visitors annually.","focusai_entities":"Resorts World Genting, Genting Malaysia, RHB Investment Bank Bhd, Twenty-First Century Fox Inc, Walt Disney Co, Fox Disney","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), marketing_crm (0.7), investor_analyst (1.0), gambler_consumer (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capex & ROI Analysis","query":"Given the increased capital expenditure and projected visitor uplift, what is the revised internal rate of return (IRR) and payback period for the Resorts World Genting outdoor theme park, and how does this impact Genting Malaysia's overall capital allocation strategy?"},{"label":"Operational Synergies","query":"Beyond direct theme park revenue, what specific cross-vertical synergies are anticipated between the new outdoor theme park and the existing gaming and hospitality segments of Resorts World Genting, particularly concerning GGR and NGR uplift?"}],"footnotes":""},"categories":[160,28,161,16333],"tags":[96,1076,226],"class_list":["post-365","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-daily-news","category-south-east-asia-news","tag-asia","tag-genting","tag-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/365","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\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=365"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/365\/revisions"}],"predecessor-version":[{"id":20333,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/365\/revisions\/20333"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}