Genting Malaysia

Company in the news

Genting Hong Kong looks to liquidation as funding dries up

The latest liquidation developments come just as Hong Kong reimposes some of its strictest virus curbs since the pandemic began.
Genting's big bet on Vegas  - THE EDGE SINGAPORE

Company in the news

Genting's big bet on Vegas

Resorts World Las Vegas is a project showcasing Genting’s presence at the heart of the US’ gambling centre.

Stocks To Watch

Genting Malaysia shares go downhill amid virus outbreak fear

The counter slips below the RM3 level to RM2.94 — its lowest since January last year

Malaysia

Genting Malaysia defends Empire stake buy

KUALA LUMPUR (Aug 16): Genting Malaysia Bhd (GenM) says its RM538 million ($178.4 million) related party transaction (RPT) to acquire a stake in Empire Resorts Inc is deemed a “worthwhile investment”.

Malaysia

Genting Bhd climbs after settling with Disney, Fox on theme park

(June 26): Casino operator Genting Malaysia will use some 21st Century Fox Inc intellectual property for a theme park near Kuala Lumpur after resolving a dispute that had helped trigger a record drop in the gambling company’s shares. The stock gained Fr

In print this week

Briefs

SINGAPORE (May 6): “What’s wrong with a female emperor, I wonder? Those practices need to change in the modern era.” — Yukiko Minegishi, who works with a uniform maker in Tokyo.

Malaysia

Disney sued for derailing Fox World theme park at Genting

(Nov 27): Walt Disney and 21st Century Fox were sued by the owner of Malaysia’s only casino resort for pulling out of an agreement to sponsor a Fox World theme park outside Kuala Lumpur.

Malaysia

Genting Malaysia falls most on record amid higher casino levies

SINGAPORE (Nov 5): Genting Malaysia suffered its worst one-day fall on record as most analysts downgraded the stock after the government announced Friday that casinos’ annual fees and duties on gross income will be raised.
Genting Singapore (GENS) Resorts World Sentosa (RWS)

Broker's Calls

UOB Kay Hian not betting on exciting growth for gaming industry

SINGAPORE (Oct 27): UOB Kay Hian is keeping its “hold” recommendation on Genting Singapore (GENS) with an unchanged target price of $1.15 despite strong growth reported by Las Vegas Sands Corp (LVS), the operator of Marina Bay Sands (MBS).

In print this week

Genting Hong Kong dealt a bad hand

SINGAPORE (July 3): To say that Genting Hong Kong (Genting HK), in which the Lim family has a controlling 68.87% stake, has seen better days would not be an exaggeration, at least at the moment. Indeed, the company seems to have been dealt a bad hand.
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