Genting revamp seen boosting visitor numbers

    Published in: Latest IntelligenceGenting Bhd, Malaysia’s only casino operator, is likely to see a drop in visitor numbers this year as the company spends RM5 billion ($1.6 billion) to revamp its 49-year-old Resorts World Genting.The Genting Integrated Tourism Plan Phase 1 will force the temporary closure of many of its key facilities, such as its theme park. However, analysts predict a spike in visitor arrivals from 2015 thanks to the opening of 1,300 new rooms, 3,000 new car park bays, and a theme park in partnership with US-based studio Twentieth Century Fox.Genting Malaysia raised the budget on its integrated tourism master plan last year, upping the total investment to RM5 billion in December from the RM3 billion announced in July. The company, whose facilities are seen as ageing, is gearing up to meet increasing competition from regional neighbours with newer attractions and facilities.Although Genting has the monopoly in Malaysia,...

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