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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.
January 18, 2022
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.
September 16, 2021
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
February 07, 2020
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”.
August 16, 2019
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
July 26, 2019
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.
May 06, 2019
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.
November 27, 2018
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.
November 05, 2018
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).
October 27, 2017
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.
July 03, 2017