HLIB Research highlighted increased tourist arrivals.<\/p>\n\n\n\n\n\n\n\n
Malaysia.- Hong Leong Investment Bank Research <\/strong>has predicted that the gaming sectors in Malaysia and Singapore <\/strong>will see a strong second half due to increased tourist arrivals and regulatory changes. As reported by The Star, analysts said casino operators will benefit from increased flight capacity and visa-free travel agreements<\/a> with China.<\/p>\n\n\n\n The research firm noted that while Malaysia and Singapore showed resilience as destinations for Chinese travellers in 2023, travel volumes are still below 2019 levels. Malaysia aims to achieve 27.3 million foreign-tourist arrivals this year, while Singapore<\/a> is hoping for 15 to 16 million visitors.<\/p>\n\n\n\n In the first quarter of the year, Genting Singapore posted revenue of SG$784.4m (US$580m), up 62 per cent\u00a0in year-on-year terms<\/a>\u00a0and up 21 per cent when compared to the previous quarter. Genting Malaysia<\/a> posted net profit of MYR36.7m (US$7.8m), which compares to\u00a0a net loss of\u00a0MYR45.4m (US$9.65m) a year earlier<\/a>. Revenue was MYR2.76bn (US$586.87m), up 21.1 per cent in year-on-year terms but down 1.6 per cent sequentially.<\/p>\n","protected":false},"excerpt":{"rendered":" HLIB Research highlighted increased tourist arrivals.<\/p>\n","protected":false},"author":176,"featured_media":9219,"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 forecasts a robust second half for the gaming sectors in Malaysia and Singapore, driven by increased tourist arrivals, particularly from China, and anticipated regulatory changes. Casino operators like Genting Singapore and Genting Malaysia are poised to benefit from enhanced flight capacity and visa-free agreements, with both reporting significant revenue growth and Genting Malaysia returning to net profitability.","focusai_entities":"HLIB Research, Hong Leong Investment Bank Research, The Star, Genting Singapore, Genting Malaysia","focusai_location":"Malaysia, Singapore, China","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":"H2 Growth Drivers?","query":"Beyond increased tourist arrivals, what specific \"regulatory changes\" are anticipated to further bolster the gaming sector's performance in Malaysia and Singapore in H2?"},{"label":"China Market Recovery?","query":"Given that travel volumes from China are still below 2019 levels, what is the projected timeline for full recovery, and what additional strategies are operators implementing to accelerate this rebound?"}],"footnotes":""},"categories":[157,16333],"tags":[229],"class_list":["post-777017520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017520","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=777017520"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017520\/revisions"}],"predecessor-version":[{"id":777017525,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017520\/revisions\/777017525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9219"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}