Due to an extension of Malaysia’s social distancing rules, Genting’s Malaysia casinos won’t be opening any time soon.
Malaysia and Signapore’s quickly rising number of infected has meant both casinos have had to comply with local measures to stop the virus.
Malaysian police are taking their action against illegal online gambling seriously with further raid in the country.
After Walt Disney and Twenty-First Century Fox pulled out a cointract to build a theme park at Resorts World Genting, but this didn't stop to keep things moving.
Malaysia is concerned that it is facing an illegal gambling epidemic and wants to stop the activity before it gets worse.
The casino operator saw its profits drop more than 25% year-on-year, despite reporting higher revenue.
Law enforcement offices have stepped up their efforts to rid the streets of the activity, helping the legal gambling houses to enjoy better success.
Genting Group CEO Tan Sri Lim Kok Thay pocketed almost $60 million in 2018, making him the largest paid executive in Malaysia to date.
A single-tier dividend is under approval due to the recommendation of the board of directors, which, if approved, will be distributed in July.
Genting Malaysia had a few disasters in 2018, but thanks to a lucky tax break, they reported a big profit in the fourth quarter.