Tag Archives: Genting
- Mandalay Bay contractor bags Resorts World Las Vegas project
October 17, 2017
The construction of the multi-billion dollar integrated resorts project of casino operator Genting Americas on the Las Vegas Strip will soon commence after hiring the general contractor of the Mandalay Bay resort. Resorts World Las Vegas (RWLV) president Edward Farrell announced that his group has tapped W.A. Richardson Builders LLC...
- Genting seeks sale of high-end London casino Maxims
September 27, 2017
Asian gaming operator Genting is looking to unload its London VIP casino Maxims, the second Asian-owned London casino sale to be announced this month. After days of rumors, Malaysia’s Genting International formally confirmed that it had appointed property consultancy CBRE to flog its Maxims Casino Club property in Kensington. Genting...
- 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...
- Genting Singapore shifts business priority to mass market
August 24, 2017
Genting Singapore PLC, which has been reliant on VIP high rollers in the past years, wants to lure more mass market players to its facilities amid dampening VIP credit quality. Bloomberg Intelligence reported that Genting Singapore is pivoting away from the VIP segment in casino gaming as the number of...
- A tale of two Gentings: Singapore soars, Hong Kong sinks
August 3, 2017
Two different gaming divisions of Malaysian conglomerate Genting have reported sharply different fortunes so far in 2017. On Monday, Genting Hong Kong issued a profit warning, alerting shareholders that it expects to post a net loss of between $200m and $220m in the six months ending June 30. The forecast...
- Genting BHD, Caesars vying for Ontario gambling operations control
July 24, 2017
Gambling heavyweights Caesars Entertainment and Malaysian conglomerate Genting Group are vying for sole control of gambling operations in Ontario as it position itself as Canada’s premier gambling hub. The Globe and Mail reported that the Ontario Lottery and Gaming Corp. has trimmed down the number of operators vying for the...
Caesars, Gamblit testing skill-based games in Las Vegas
March 30, 2017
BC gov’t accused of burying casino money laundering report
September 22, 2017