Wednesday, April 1, 2020

Malaysia

Genting Malaysia expected to be hard hit by closure

Genting Malaysia, which has shut its gaming properties until April 1 under government orders as a Covid-19 countermeasure, is expected to be hard hit...
Resorts World Sentosa

Genting Singapore execs agree pay cuts, Genting Malaysia closes property

Genting Singapore said its executives and senior management have agreed to pay cuts to help to offset the impact of the coronavirus on its earnings, which it warns is likely to be significant.

Samuel Yin Shao Yang

Associate director Maybank Investment Bank (covers gaming)

RGB reports strong fourth quarter on increased machine sales

RGB International Bhd posted an 80 percent increase in profit for the three months ended 31 Dec 2019, reaching RM14.7 million (US$3.5 million), driven...

Genting Malaysia cautious on near-term due to coronavirus

Genting Malaysia said it is more cautious on the near-term prospects of the leisure and hospitality industry, due to the impact of the coronavirus...

Genting makes U.S. inroads

In 2018, on Genting Hong Kong’s 25th anniversary, President Colin Au summed up the company by saying, “We come from Malaysia, a small country, but we go out to the world. We open our eyes and learn new things.”

Coronavirus hits industry, but underlying demand seen strong

Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation improves.

Malaysian police bust small casino in KL

Malaysian police have busted a “mini-casino” hidden inside an entertainment outlet in southern Kuala Lumpur, arresting 58 people, local media reports.  The police raid took...

Sabah police bust Chinese illegal online gambling syndicate

Police in Sabah, Malaysia, have arrested 23 Chinese nationals which they say were operating an illegal online gambling syndicate out of three apartments being used as call centers.

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