Tag Archives: Genting Malaysia
- Genting BHD chalks strong Q2 earnings
August 25, 2017
A disposal of available-for-sale financial assets has boosted Genting BHD’s net profit for the second quarter of the year by as much as 57 percent, the company reported. In a regulatory filing, Malaysian conglomerate Genting BHD announced that its April to June 2017 net profit expanded to RM456.33 million (US$106.81...
- Mashpee Wampanoag’s Taunton casino project hits fresh snag
June 29, 2017
The Mashpee Wampanoag Tribe’s Massachusetts casino project has been thrown into doubt after the tribe withdrew its request for federal recognition of its land rights. On Tuesday, Mashpee Wampanoag representatives issued a statement saying the tribe was no longer seeking a Department of Interior opinion on whether land taken into...
- Genting Malaysia may lose $274M on Mass. casino bet
May 23, 2017
Genting Malaysia BhD stands to lose US$274 million should the US Department of Interior (DOI) thumbs down the construction of its Massachusetts casino, according to a Malaysian-based financial analyst. The Star Online reported that Genting Malaysia risks writing-off its multi-million dollar investment in the First Light Resort & Casino project...
- Genting BHD 2016 earnings jumped 125 percent
February 24, 2017
Malaysia-based Genting BHD’s 2016 earnings soared by 125 percent, thanks to a one-off gain in the fourth quarter from the disposal of the group’s investment in Genting Hong Kong Ltd. genting-bhd-2016-earnings-jumped-125-percentThe Malaysian casino operator announced in its filing with Bursa Malaysia on Thursday that its full-year profit in 2016 leap-frogged...
- Genting BHD gets to run a Florida casino
December 9, 2016
Genting Malaysia BHD will now be able to carve its gambling footprint in the State of Florida after the gambling giant entered into a consulting agreement for the casino portion of Gulfstream Park. The Miami Herald reported that Genting is now overseeing all casino operations, including financial reporting, slot promotions,...
- Genting Malaysia Q3 up 60%
November 25, 2016
Lower impairment losses has pushed Genting Malaysia BHD’s profit higher to RM577.21 million (US$129.93 million) in the third quarter, the company announced before the Bursa Malaysia on Thursday. For July to September 2016 period, Genting BHD saw its net profit surge by 60 percent from RM361.09 million (US$81.28 million). Genting...
Genting Malaysia may lose $274M on Mass. casino bet
May 23, 2017