Genting Malaysia BHD may see its profits rise in 2018 on the back of stabilizing VIP win rates and gaming volumes, according to analysts.
Genting Malaysia BHD is eyeing to bring in more tourists to its RWG casino resort once the redevelopment of the gambling facility is completed.
Net profit of Malaysian conglomerate Genting Malaysia BHD shrank to MYR191.1 million (US$46.5 million) in the third quarter of 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.
Mashpee Wampanoag tribe abruptly withdraws request for fed gov't opinion on legality of land taken into trust for its Massachusetts casino site.
Genting Malaysia BhD stands to lose US$274 million should the US Department of Interior (DOI) thumbs down the construction of its Massachusetts casino.
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
Genting Malaysia will now be able to carve its gambling footprint in the State of Florida after it entered an agreement for the casino of Gulfstream Park.
Lower impairment losses has pushed Genting Malaysia BHD’s profit higher to RM577.21 million (US$129.93 million) in the third quarter.
Genting Malaysia has sold its entire 16.87% stake in cruise operator Genting HK at the lowest price permitted under the disposal mandate.