Hong Leong Investment Bank said visitations to RWG could soon surpass pre-pandemic levels.<\/p>\n\n\n\n\n\n\n\n
Malaysia.- Hong Leong Investment Bank (HLIB) Research has reported that it sees Genting Malaysia<\/strong>‘s Resorts World Genting (RWG) as a key beneficiary of the recovery in tourism from the reopening of borders. Analysts note that tourism is also likely to benefit as the new government uses the industry to support the domestic currency and economy.<\/p>\n\n\n\n The brokerage said that visitation to RWG has the potential to surpass pre-pandemic levels given the increased capacity and the addition of theme parks to attract a more diverse audience. Hong Leong Investment Bank expects much better FY23 performance for the group due to the reopening of the remaining 21 per cent of hotel rooms and increased capacity at SkyWorld, which has added two more rides, bringing the total to 20.<\/p>\n\n\n\n For the third quarter of the year, Genting Malaysia<\/a> posted revenue of MYR2.27bn (US$505.4m). That\u2019s a rise of 4.1 per cent when compared to the previous quarter<\/a> and 174.9 per cent year-on-year.<\/p>\n\n\n\n Despite the good financial performance, Genting Malaysia warned: \u201cWhile international tourism is anticipated to continue improving, ongoing global economic headwinds and pandemic management measures in certain countries could impact demand for international travel. Consequently, the regional gaming market recovery could face some setbacks.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Hong Leong Investment Bank said visitations to RWG could soon surpass pre-pandemic levels.<\/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":"Hong Leong Investment Bank Research projects Resorts World Genting (RWG) to exceed pre-pandemic visitation levels, driven by Malaysia's tourism recovery, increased capacity, and new theme park attractions. Genting Malaysia reported robust Q3 revenue growth, yet cautioned about potential setbacks from global economic headwinds impacting international travel and regional gaming market recovery.","focusai_entities":"Hong Leong Investment Bank, Genting Malaysia, Resorts World Genting (RWG)","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"RWG GGR Projections?","query":"What specific GGR growth projections underpin HLIB's forecast for RWG to surpass pre-pandemic visitation, and how do these account for the new theme park's contribution to NGR?"},{"label":"Risk Mitigation Strategies?","query":"Given the identified global economic headwinds, what specific governance frameworks and risk mitigation strategies is Genting Malaysia implementing to safeguard its regional gaming market recovery trajectory?"}],"footnotes":""},"categories":[157,16333],"tags":[19394],"class_list":["post-777001072","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\/777001072","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=777001072"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001072\/revisions"}],"predecessor-version":[{"id":777001096,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001072\/revisions\/777001096"}],"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=777001072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}