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Genting grows business in US and South Korea

GENTING Bhd chairman and chief executive officer Tan Sri Lim Kok Thay has been quietly making progress on growing the family business.

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Genting

10/15/2019

article Casino business parent Genting Bhd to pay interim dividend
(Wall Street) -- Genting Bhd, a Malaysia-listed conglomerate that is parent to a number of casino companies with operations in Asia and worldwide, has declared an...

10/1/2019

article Genting Singapore set to raise US$3.2 billion from Yen-dominated bonds for Japan expansion
(Japan) -- Genting Singapore has revealed plans to raise up to JPY350 billion (US$3.2 billion) to support its expansion into Japan via the issuance of Yen-dominated...

9/17/2019

article Genting Bhd issuing US$2.39bln in new notes
(Wall Street) -- Malaysia’s Genting Bhd says its wholly-owned unit Genting RMTN Bhd has made a lodgement with the Securities Commission Malaysia for the...

9/16/2019

article Five new execs for Resorts World Vegas
(Las Vegas) -- Resorts World Las Vegas, more than a year away from its planned opening, has announced five new members of the $4bn Strip property’s executive...

9/13/2019

article Genting HK starts construction of new Global Class ship
(Hong Kong) -- Genting Hong Kong Ltd, an operator of casino cruise ships and investor in Asian land-based casinos, says it has started construction of a second Global...
article Ex MGM bosses hired for Genting Las Vegas resort: report
(Las Vegas) -- Three former executives of U.S.-based casino operator MGM Resorts International are among five managers hired to help run Resorts World Las Vegas (...

8/30/2019

article Genting Malaysia has some good news and some bad news
(Malaysia) -- Genting Malaysia Bhd distributed some news this week, some of it good and some of it not so good. Net profit during the second quarter of the year...

8/22/2019

article 5 Reasons Why This Upstate New York Casino Resort Wins Big
(New York) -- You’re likely from Upstate New York if you can point out the city of Verona on a map. This unassuming town 40 minutes east of Syracuse Hancock...

8/21/2019

article Upstate NY’s biggest casino agrees to sale
(New York) -- The owner of Upstate New York’s biggest casino has agreed to a takeover by its largest investor, rather than filing bankruptcy in the face of...

8/17/2019

article Genting Malaysia confident of meeting “liquidity challenges” ahead of rumored Empire Resorts bankruptcy claim
(Malaysia) -- Genting Malaysia has stated confidence that it can address any liquidity challenges at Empire Resorts following reports that the US-based casino operator...

8/15/2019

article Genting Malaysia confident of meeting “liquidity challenges” ahead of rumored Empire Resorts bankruptcy claim
(New York) -- Genting Malaysia has stated confidence that it can address any liquidity challenges at Empire Resorts following reports that the US-based casino operator...
article Genting Malaysia defends Empire stake buy, says it’s 'worthwhile investment'
(New York) -- Genting Malaysia Bhd (GenM) says its RM538 million related party transaction (RPT) in Empire Resorts Inc is deemed a “worthwhile investment”....
article Upstate NY’s largest casino facing bankruptcy
(New York) -- Upstate New York’s largest and most lavish casino lost $73 million in the first six months of 2019 and has more than $400 million in debt, raising...

8/14/2019

article Resorts World Catskills, facing potential bankruptcy, has a casino giant as an eager suitor
(New York) -- Resorts World Catskills had an operating loss of $36 million in the last quarter and is raising the potential of going into voluntary bankruptcy as it...

8/13/2019

article Resorts World Catskills' owner considers prepackaged bankruptcy
(New York) -- Empire Resorts reported a second-quarter 2019 loss of USD 35.96 million, due to gross gaming revenues below projections and overleverage. Gaming experts...

8/8/2019

article Genting Malaysia to form part of new merged entity taking full ownership of New York’s Empire Resorts
(New York) -- Genting Malaysia has entered into a binding term sheet with Kien Huat Realty III Ltd, the family trust of its Chairman Lim Kok Thay, for the company’...
article Genting Malaysia shares plummet almost 12% following news of Empire Resorts acquisition plan
(New York) -- Genting Malaysia shares fell by more than 11% on Wednesday after news broke of the company’s proposed US$128.6 million purchase of a stake in Empire...

7/29/2019

article Genting’s KT Lim moving to take New York’s Resorts World Catskills private
(New York) -- Genting Group Chairman Lim Kok Thay is moving to take Empire Resorts – the parent company of New York’s Resorts World Catskills – private...

7/27/2019

article Genting Malaysia updating theme park development plans after settling with Fox, Disney
(Malaysia) -- Genting Malaysia has reached a settlement with Twenty-First Century Fox Inc and Walt Disney Co in relation to the development of a Fox theme park at its...

7/26/2019

article Genting Group Billionaire KT Lim Makes Bid to Privatize Resorts World Catskills Casino in Upstate New York
(New York) -- Kok Thay Lim, the chairman of Malaysia-based Genting Group, has announced his intentions to acquire all of the remaining outstanding shares of Empire...
article Majority owner: Sullivan casino can’t survive unless company goes private
(New York) -- Sullivan County’s casino cannot survive unless its parent company goes private, its biggest shareholder said in a Thursday filing with the Securities...

7/19/2019

article Mayors Gimenez, Gelber Discuss Plans For New Monorail Connecting Miami And Miami Beach
(Florida) -- Miami-Dade County Mayor Carlos Gimenez and Miami Beach Mayor Dan Gelber want companies to bid for the chance to build a monorail connecting their two cities...

7/6/2019

article Miami Beach Mayor Gelber Opposes Monorail Proposal with Casino Interests
(Florida) -- Miami Beach Mayor Dan Gelber voiced his concern Wednesday, July 3rd, regarding the city commission’s upcoming vote on a monorail proposal. The Genting...
article Miami-Dade’s monorail proposal could be a game changer
(Florida) -- Miami-Dade County has been angling to build a connector between Miami Beach and downtown Miami for decades, and it could start inching closer to reality as...

6/28/2019

article Casino giant Genting and Chinese firm propose monorail linking Miami with Miami Beach
(Florida) -- The casino company with plans for a Miami resort has partnered with a Chinese company to pursue a tax-funded contract to build a monorail system between...

5/10/2019

article Falling VIP volume marks tough quarter for Genting Singapore
(Singapore) -- Lower VIP volumes on the back of China’s slowing economy saw Genting Singapore’s revenue, Adjusted EBITDA and net profit all suffer declines...

4/17/2019

article Lim Kok Thay confident of Genting being picked for Japan casino
(Japan) -- Genting will bid for all three casino licenses allowed by Japan and hopes to win one, the Business Times reported Thursday, citing Chairman Lim Kok Thay at...

4/4/2019

article Genting’s Las Vegas arm borrows US$1 bln to finish resort
(Las Vegas) -- Malaysian operator of casinos Genting Bhd says its venture in Las Vegas will use the proceeds of an offering of US$1-billion worth of debt to finish and...

4/3/2019

article Genting’s Las Vegas arm borrows US$1 bln to finish resort
(Las Vegas) -- Malaysian operator of casinos Genting Bhd says its venture in Las Vegas will use the proceeds of an offering of US$1-billion worth of debt to finish and...

3/26/2019

article A-minus given to Genting Resorts World Las Vegas by Fitch
(Wall Street) -- As Genting Bhd subsidiary Genting Resorts World Las Vegas (RWLV) continues construction of the Las Vegas venue by the same name, Fitch Ratings has...

2/5/2019

article Genting receives 3-year extension for Sentosa resort
(Singapore) -- Resorts World Sentosa in Singapore, operated by a subsidiary of the Genting Group, has received an extension of its license. The Casino Regulatory...

1/25/2019

article Genting Granted Leave to Start Judicial Review of MoF Tax Incentives Decision
(Malaysia) -- Casino operator Genting Malaysia Berhad has been granted a leave for the commencement of a judicial review of a decision of the Malaysian Ministry of...
article Genting Malaysia appealing amended tax deal
(Malaysia) -- Casino operator Genting Malaysia is hoping that the Kuala Lumpur High Court will provide larger tax savings for the company. In its filing, Genting...

1/19/2019

article Judge delays ruling on dispute between Wynn, Resorts World
(Las Vegas) -- A judge has delayed ruling on a request for a temporary restraining order that could shut down construction at the Resorts World Las Vegas project on the...

1/14/2019

article Is Genting Singapore A Bargain Now?
(Wall Street) -- Genting Singapore Ltd (SGX: G13) is a Singapore-listed casino and integrated resorts owner and operator with a market capitalisation of S$12.6 billion.

1/8/2019

article Genting M’sia outdoor theme park should be operational by 2020
(Malaysia) -- Analysts believe that Genting Malaysia Bhd (Genting Malaysia) should be able to get the outdoor theme park operational by 2020, which could boost...
article Fire rips through Genting Crown Casino in Poipet
(Cambodia) -- Fire has ripped through 18 floors of the Genting Crown Casino building in Poipet, Cambodia overnight.
article Major changes for Genting Poker Series
(UK) -- Genting UK - one of the UK’s leading casino groups - has announced the dates for the 2019 Genting Poker Series. In 2019 there will be major changes to the...

1/3/2019

article Genting Hong Kong Limited agrees gaming machines supply deal
(Hong Kong) -- Asian cruise ship operator, Genting Hong Kong Limited, has reportedly announced the signing of a deal that is due to see it continue purchasing electronic...

1/2/2019

article Wynn files lawsuit against Genting
(Las Vegas) -- Genting Group’s Resorts World Las Vegas has been accused of trademark infringement and unfair competition in regard to its under-construction $4bn...
article Boss’s son made deputy CEO of Genting, Genting Malaysia
(Malaysia) -- Lim Keong Hui has been named the deputy chief executive of casino and hospitality group Genting Bhd and its subsidiary in its home country, Genting...

12/27/2018

article Genting to fight U.S. claim it copied Wynn look in Vegas
(Las Vegas) -- Resorts World Las Vegas LLC, a United States-based unit of Malaysian casino operator Genting Bhd, will “strenuously defend” a civil case...

12/26/2018

article Thousands of pounds of gambling chips stolen in Christmas Day raid at Genting Casino
(UK) -- Tens of thousands of pounds worth of chips were stolen in a raid at a casino in Salford. The drama unfolded late on Christmas Day when intruders managed to break...
article Genting hit with more bad luck
(Malaysia) -- Genting Group’s run of bad luck isn’t ending. This time, Genting Bhd’s indirect wholly-owned subsidiary that is developing the Resorts...

12/11/2018

article Fox and Disney’s ‘seller’s remorse’ adds to pressure on Genting Malaysia
(Malaysia) -- For Genting Malaysia Bhd, the saying that it never rains but it pours certainly rings true. Over the last two months, the Malaysian gaming juggernaut...

12/10/2018

article Fox and Disney’s ‘seller’s remorse’ adds to pressure on Genting Malaysia
(Malaysia) -- FOR Genting Malaysia Bhd, the saying that it never rains but it pours certainly rings true. Over the last two months, the Malaysian gaming juggernaut...

12/2/2018

article Second time Genting and Disney at opposing ends
(Florida) -- This isn’t the first time that Mickey Mouse got the better of Genting Malaysia Bhd. In 2011, Genting Malaysia and the powerful Walt Disney Co were at...
article Disney dispute comes when sentiments on Genting Malaysia are already bad
(Malaysia) -- What stands between Genting Malaysia Bhd and a fox? A mouse. Management of Genting Malaysia Bhd did not address the termination of the contract to build...

11/30/2018

article Genting slips into the red in Q3
(Malaysia) -- Genting Bhd slipped into the red with a net loss of RM275.80 million (US$65.88 million) in the third quarter, compared with a net profit of RM190.04...
article Genting swings to first quarterly loss in a decade on impairment loss
(Malaysia) -- Genting Bhd swung to a third-quarter net loss of RM275.8 million – its first quarterly net loss in 10 years – versus a net profit of RM190.04...

11/28/2018

article ‘Genting Highlands could see fewer visitors’
(Malaysia) -- The legal proceedings between Genting Malaysia Bhd and Twenty-First Century Fox Inc and The Walt Disney Co are likely to affect visitor arrivals at Genting...
article Vietnam To Open Casino Gambling To Residents Next Year
(Vietnam) -- Vietnam plays home to a number of large casino resorts built in recent years, but so far all of them have catered to foreign gamblers.

11/27/2018

article Disney sued for derailing Fox theme park at Malaysian casino
(Malaysia) -- Walt Disney Co. and 21st Century Fox Inc. were sued by the owner of Malaysia’s only casino resort for pulling out of an agreement to sponsor a Fox...
article Fox, Disney Hit With $1.75 Billion Suit for Backing Away From Malaysian Theme Park
(Malaysia) -- In a new lawsuit, Genting Malaysia Berhad alleges spending $750 million to bring to life a theme park just outside of Kuala Lumpur, Malaysia, that would...

11/5/2018

article Genting Malaysia falls most on record amid higher casino levies
(Malaysia) -- Genting Malaysia Bhd. suffered its worst one-day fall on record as most analysts downgraded the stock after the government announced Friday that casinos...

10/24/2018

article Southend casino gets refurbishment
(UK) -- Genting Casino Westcliff, located on the Western Esplanade in Southend-on-Sea, UK, has begun work on a multi-million-pound refurbishment.

9/11/2018

article U.S. casino glitch negative for Genting Malaysia: Nomura
(Japan) -- A hiccup in the development of a tribal casino in the United States is likely have a negative impact on the Genting Malaysia Bhd share price, according to...

8/28/2018

press release Genting launches new IGT game
(UK) -- Leading casino operator Genting UK has launched a brand new, state-of-the-art Diamond Spins Video Slots game, developed by International Gaming Technology.

8/27/2018

article Genting says Resorts World Las Vegas on track for 2020 launch
(Las Vegas) -- Malaysia’s Genting Group says it is on track to open its US$4 billion flagship Resorts World Las Vegas project in 2020. “We are still tracking...

8/6/2018

article Better no gambling at all including in Genting, says Mujahid
(Malaysia) -- Mujahid Yusof Rawa said if it were up to him, he would not allow gambling outlets, including in Genting Highlands which houses the country’s biggest...

6/27/2018

article Genting Hong Kong signs HK$760 million turnkey agreement for fit-out of new cruise ships
(Hong Kong) -- Gaming investor Genting Hong Kong has announced an agreement with Finnish marine turnkey company Almaco to supply turnkey works for its under-construction...

6/5/2018

article Genting Live Casino Review
(Internet) -- Genting online and mobile casino with an extraordinary live dealer section was established in 2009 and very quickly the brand became highly appreciated by...

3/21/2018

article Wynn Is Genting's Jackpot Chance
(Macau) -- Genting Bhd. Chairman Lim Kok Thay has never quite gotten over losing out on a Macau casino license. The Malaysian gambling and resorts group failed to win a...

2/5/2018

article Genting Hong Kong trims losses in 2017
(Hong Kong) -- Casino operator Genting Hong Kong Ltd. has narrowed its consolidated net loss for 2017 after disposing its stakes in cruise operator Norwegian Cruise Line...

1/24/2018

article Genting inks multi-year deal for events at former Miami Herald site
(Florida) -- Malaysian gambling giant Genting Group isn’t redeveloping the former Miami Herald site in Miami’s Arts & Entertainment District – at...

1/9/2018

article Genting partners SlotGuru
(Worldwide) -- Genting Casinos has today made a market leading commitment in partnering with SlotGuru, the player education app for slots. For the next three months,...

1/4/2018

article Miami commission approves bay site lease for Genting marina project
(Florida) -- Resorts World Miami LLC, a unit of casino operator Genting Malaysia, will finally be able to move ahead with its plan to build a world-class marina after...

1/3/2018

article Genting Group to Invest over €100 Million in Andorra Casino
(Malaysia) -- Malaysian integrated resort developer and operator Genting Group has recently revealed plans to invest around €105 million into building a casino...

1/2/2018

article Miami clears way to transfer bay site to casino giant Genting
(Florida) -- Miami can move ahead to lease bayfront bottomlands to a subsidiary of Malaysian gambling giant Genting for a marina now that the city commission has...

10/26/2017

article Genting Singapore raised $175M Samurai bonds
(Singapore) -- Casino operator Genting Singapore’s five-year Samurai bonds yield Y20 billion ($175 million) after its recent issuance in the market, Nikkei...

9/29/2017

article Genting put £40m London casino for sale
(London) -- Asia focused casino operator, Genting Malaysia have put Maxim’s Casino Club in London up for sale, with an estimated asking price of £40m. UK...

9/25/2017

article Genting to sell exclusive Kensington casino Maxims
(UK) -- Malaysian casino giant Genting has put its exclusive Kensington casino Maxims up for sale for a price of at least £40 million.

9/21/2017

article Malaysian boom to aid Genting casino biz: Nomura
(Malaysia) -- Performance of Malaysian stocks linked to consumer discretionary spending including casino gambling and air travel are likely to benefit from an uptick in...

9/20/2017

article Genting Singapore opens Tokyo branch office
(Japan) -- Casino operator Genting Singapore Plc has established a branch office in Tokyo, Japan. The announcement was made by the company on Wednesday. The firm said in...

9/19/2017

article Genting World Dream Casino Ship Plots Maiden Voyage in Asian Gambling Seas
(Hong Kong) -- The World Dream, a mammoth 151,000-ton ocean liner built for Genting Hong Kong, is complete and ready to set sail, adding a major new player to Asia...

9/13/2017

article Malaysia's Genting dreams of ski paradise in China
(China) -- Tropical Malaysia will never host the Winter Olympics, but for the family behind local conglomerate Genting, Beijing is looking to be the next-best choice.

9/8/2017

article Genting UK to educate slots players with SlotGuru
(UK) -- Genting UK is to deploy the Slotguru education application at select land-based locations across the UK. SlotGuru offers casino visitors information to help them...

9/6/2017

article Evolution expands through Genting’s Resorts World
(UK) -- Evolution Gaming, leading provider of Live Casino solutions, has announced that it has signed an agreement with Genting UK to install a bespoke multi-camera Dual...

8/17/2017

article New Manila casino resort open in 2020: Genting HK
(Philippines) -- Casino and casino cruise ship investor Genting Hong Kong Ltd said on Thursday that the Westside City Resorts World casino project in Manila is on track...

8/15/2017

article Genting Hong Kong cuts stake in NCLH
(Hong Kong) -- Genting Hong Kong, the casino cruise ship operator, has decided to cut down its stake in the Norwegian Cruise Line Holdings (NCLH) and will sell 3.29...

8/14/2017

article Genting Hong Kong sells down Norwegian Cruise Line stake
(Hong Kong) -- Genting Hong Kong has announced the selling down of its stake in cruise company Norwegian Cruise Line Holdings Ltd in a move that will net the embattled...

8/13/2017

article Genting’s Canadian casino bid fails
(Ontario) -- UOB Kay Hian Malaysia Research has suggested that the Genting Group has failed to win its bid to secure a casino concession in Canada.

8/3/2017

article Net profit soars at Genting Singapore
(Singapore) -- Asian casino operator Genting Singapore has released its second-quarter financial results showing that higher revenues along with lower sales costs helped...

7/23/2017

article Genting BHD, Caesars vying for Ontario gambling operations control
(Ontario) -- Gambling heavyweights Caesars Entertainment and Malaysian conglomerate Genting Group are vying for the sole control of gambling operations in Ontario as it...

7/15/2017

article Genting Group to open $4 billion casino resort on Las Vegas Strip
(Las Vegas) -- Genting Group is to open the first new casino resort on the Las Vegas Strip in over decade as the Malaysian casino operator continues their US expansion.
article Resorts World New York breaks ground on $400m expansion
(New York) -- Resorts World Casino New York City (RWNY) in Jamaica, Queens has broken ground on a $400 million expansion at their Aqueduct Racetrack video lottery...
article Genting ditches Sydney casino The Star for massive bet on US expansion
(Australia) -- Genting Group, a Malaysian gambling conglomerate which has just sold its stake in Australian casino operator, Star Entertainment Group, has announced...

7/14/2017

article Genting breaks ground on hotel for New York casino
(New York) -- Malaysian conglomerate Genting Bhd broke ground on Thursday for a 400-room hotel at its Resorts World Casino New York City property (pictured) in the...
article Queens Casino's US$400mil expansion fuels Genting
(Hong Kong) -- New York’s Resorts World Casino, the top-grossing slots parlor in the U.S., broke ground on a new 400-room hotel, part of the Malaysian group...
article Resorts World Casino in Queens begins major expansion
(New York) -- This time, the house is on your side. Nearly six years after opening its doors, New York City's only casino is going for the jackpot. "I would say...

7/13/2017

article New York Racetrack, Las Vegas Casino Fuel Genting U.S. Push
(Las Vegas) -- Las Vegas will be getting its first new casino on the Strip in a decade. And the only casino currently operating in New York City, at the Aqueduct...
article Queens Racetrack, Rare Vegas Addition Fuel Malaysian Casino Push
(Las Vegas) -- Las Vegas will be getting its first new casino on the Strip in a decade. And the only casino currently operating in New York City, at the Aqueduct...

6/29/2017

article Genting Malaysia’s US casino plans face uncertainty
(Malaysia) -- Genting Malaysia’s proposed First Light Resort and Casino (FLRC) project located on native American land may face more obstacles despite the native...

6/28/2017

article Poser over Genting Malaysia’s casino on tribal land in the US
(Malaysia) -- Genting Malaysia’s proposed First Light Resort & Casino (FLRC) on tribal land in the US may have faced another setback. Maybank Investment Bank...

6/26/2017

article Genting gets a makeover
(Malaysia) -- The Genting Highlands in Malaysia usually bring to mind images of cards, rolling dice and the chiming sound of coins when bettors hit slot machine jackpots...

5/28/2017

article Construction to finally start on $4B Strip resort-casino
(Las Vegas) -- Updated information has been released regarding the timetable for building Resorts World Las Vegas, the 3,000-room hotel and casino planned for the north...

5/22/2017

article Upcoming $4B Resorts World Las Vegas Taps President
(Las Vegas) -- Resorts World Las Vegas (RWLV) has appointed Edward Farrell as president of the Genting Group’s $4 billion world-class integrated resort. In his new...

5/14/2017

article GEN Singapore 1Q profit up on cost savings
(Singapore) -- Casino operator Genting Singapore Plc reported a net profit of SGD181.1 million (US$129 million) for the first quarter of 2017, a nearly 17-fold increase...

4/25/2017

article County in bed with casino giant Genting, sells out cheap
(Florida) -- County commissioners sold out the area around the Adrienne Arsht Center for the Performing Arts to one of the globe’s biggest casino operators last...

4/23/2017

article LETTER: Genting’s casino?
(Florida) -- Our greedy, short-sighted Miami Dade commissioners unanimously endorsed Genting’s latest 36-story hotel proposal, which would be built over the bus...

4/20/2017

article Genting Miami receives approval
(Florida) -- Genting Group has received the license approval to build a 300 room hotel in Downtown Miami from the Miami-Dade County Commission.

4/19/2017

article Genting Miami-Dade joint development receives unanimous approval
(Florida) -- Genting‘s 300 room hotel, planned to be built over the Miami Omni bus terminal with access to the Adrienne Arsht Center Metromover station was...

4/11/2017

article Vote on Genting Group’s downtown Miami hotel proposal postponed to April 18
(Florida) -- In southern Florida, a plan from global casino operator Genting Group to build a 300-room hotel on a small plot of land near to the site of its long-...

3/26/2017

article Star City casino could make a return
(UK) -- A casino could yet return to the Star City entertainment complex in Birmingham. Last year, we reported that operator Genting was planning to close its casino at...

3/18/2017

article No casino yet, but Genting proposes a hotel over Omni bus terminal
(Florida) -- A proposal by casino giant Genting to build a possible 300-room hotel on the site of Miami-Dade’s Omni bus terminal has cleared a big hurdle, winning...
article Genting gains approval for 300-room hotel in Miami-Dade
(Florida) -- Major casino operator Genting has gained unanimous approval of the Dade County Transportation Committee in its effort to build a 300-room hotel on the site...

3/17/2017

article No casino yet, but Genting proposes a hotel over Omni bus terminal
(Florida) -- A proposal by casino giant Genting to build a possible 300-room hotel on the site of Miami-Dade’s Omni bus terminal has cleared a big hurdle, winning...

2/23/2017

article Genting Malaysia declares special dividend
(Malaysia) -- Genting Malaysia Bhd’s net profit ballooned four times to RM1.69 billion, or 29.81 sen per share, for the fourth quarter ended Dec 31, 2016 (4QFY16...

2/19/2017

article Nomura cuts Genting Bhd 2016, upgrades on 2017 outlook
(Japan) -- Japanese brokerage Nomura has reduced by 7.5 percent its forecast for full-year 2016 normalised net profit at Malaysian conglomerate Genting Bhd. It now...

2/10/2017

article GEN Malaysia upside to spark 2017 re-rating: Nomura
(Malaysia) -- The stock of casino operator Genting Malaysia Bhd is likely in 2017 to experience “further re-rating, driven by the Malaysia and U.K.”...

1/11/2017

article Genting’s bayfront land not for sale, says executive
(Florida) -- Don’t expect to see a “for sale” sign on Genting’s downtown Miami bayfront land previously owned by the Miami Herald. “They...

12/13/2016

article Genting has casino experience, but plenty of challenges
(Florida) -- Everyday gamblers likely haven’t seen much of a difference since Genting took over operations of Gulfstream Park casino in Hallandale Beach —...

12/9/2016

article Genting BHD gets to run a Florida casino
(Florida) -- Genting Malaysia BHD will now be able to carve its gambling footprint in the State of Florida after the gambling giant entered into a consulting agreement...

11/17/2016

article Genting Dumps South Korea Casino Project to Focus on Japan
(South Korea) -- Malaysian casino giant Genting has agreed to sell its 50 percent stake in Resorts World Jeju, a $1.8 billion development on Jeju Island in South Korea,...

11/16/2016

article Genting Singapore Exits South Korea Casino Project To Re-Focus On Japan
(South Korea) -- Over the past 18 months, South Korea has fallen from favor as a destination for new casino investment. Last week, Genting Singapore announced it will...

11/13/2016

article Genting Singapore to sell Jeju interest for $420m
(South Korea) -- Casino operator Genting Singapore is selling its Korean resort interests in order to focus on its Singapore business and save resources for potential...

11/5/2016

article VIDEO: Woman threatens to sue Resorts World Casino after machine says she won $43 million jackpot
(New York) -- Katrina Bookman thought her life had been changed forever after a slot machine at the Resorts World Casino in New York City said she'd won just under $...

10/23/2016

article Genting Highlands expansion won't involve casino space
(Malaysia) -- Genting Malaysia Bhd’s RM10 billion tourism plan for its iconic highlands resort will not involve any space expansion for casino operations, said...

7/27/2016

article Casino giant Genting’s marina gambit: Good for manatees?
(Florida) -- Casino operator Genting, which has been seeking permits for a 50-yacht marina at its property at the old Miami Herald site in downtown Miami since 2013, has...

7/1/2016

article Fitch affirms A- rating for Genting
(Singapore) -- Fitch has affirmed the credit ratings of casino operator Genting Singapore and its parent Genting Bhd at A- with a stable outlook.

6/13/2016

article Genting Resorts World Bimini Hotel, Casino In Full Swing
(Bahamas) -- Genting became a name known to South Florida in 2011 when it embarked on a plan to open a hotel-casino. On Saturday the company did open such a property...

6/10/2016

article Does Genting deserve big tax breaks on its land? County argues no
(Florida) -- Genting Group, the Malaysian casino conglomerate that bought the Miami Herald’s bayfront campus in 2011 for $236 million, has reaped more than $2.3...

5/25/2016

article Genting Malaysia 1Q profit down 60 pct on forex losses
(Malaysia) -- Casino operator Genting Malaysia Bhd recorded a year-on-year decline of 59.8 percent in net profit for the first quarter of 2016, the firm announced on...

5/24/2016

article Genting’s earnings slashed by 79% in Q1
(Malaysia) -- Genting Bhd posted lower earnings of RM130.8mil for the first quarter (Q1) ended March 31 compared with RM620.1mil a year ago.

5/18/2016

article Campaign aide for Miami-Dade mayor parts ways with Genting amid slots lawsuit
(Florida) -- A top campaign official for Miami-Dade Mayor Carlos Gimenez has ended his role as a consultant for Genting, an abrupt change that came after the casino...

5/14/2016

article Genting’s frivolous lawsuit against Miami-Dade to force casino smacks of desperation
(Florida) -- Somebody ought to tell Genting that Miami is not Malaysia or Bimini. In this country, courts don’t step in and legislate, nor do they pre-empt police...

5/13/2016

article Herald columnist says Genting getting "desperate" over Miami-Dade casino
(Florida) -- Florida’s never-ending casino wars are heating up again, in the press and in court. In a scathing op-ed in the Miami Herald, columnist Fabiola...
article Genting UK boosts multi-channel plans with new appointment
(UK) -- The Genting UK arm of the Genting Group has announced further restructuring of the business as part of a strategy to develop a multi-channel offering for its...
article Genting’s Q1 profit slumps as VIP business falters
(Singapore) -- Genting Singapore today (May 13) reported first-quarter profit plunged 83 per cent as its VIP gaming business continued to stumble while net exchange...

5/12/2016

article Genting Will Just Try to Sue Its Way to a Casino in Downtown Miami
(Florida) -- Three years ago, two short, 150-meter horse races began in Miami-Dade County and ended in Broward, so now Malaysian gambling conglomerate Genting should be...

5/11/2016

article Genting sues Miami-Dade, state prosecutor to force OK for Omni casino
(Florida) -- Genting Group, the Malaysian casino operator whose plan to build a massive gambling resort in downtown Miami has been stalled by legal and political...
article In unusual legal move, casino company sues Miami-Dade to authorize casino permit
(Florida) -- Genting Group, the Malaysian casino operator whose plan to build a massive gambling resort in downtown Miami has been stalled by legal and political...

4/29/2016

article Genting Singapore dissolves Macau unit
(Singapore) -- Casino operator Genting Singapore has liquidated Genting Star Macau, an investment holding company that was acquired in 2005 as part of efforts to enter...

4/25/2016

article Is Genting looking to flip former Miami Herald property?
(Florida) -- Unable to build the luxury Miami casino and resort envisioned five years ago when they dropped $236 million for 14 acres on Biscayne Bay, gaming giant...

4/22/2016

article Genting Singapore confirms 2015 final dividend
(Singapore) -- Genting Singapore Plc, operator of the Resorts World Sentosa casino resort (pictured) in Singapore, confirmed on Thursday a final dividend of SGD0.015 (US...

3/27/2016

article Genting HK drops plan to acquire aircraft
(Hong Kong) -- Genting Hong Kong Ltd says a deal between connected companies to purchase an Airbus ACJ319 aircraft (a type pictured in file photograph) will not now go...

2/17/2016

article Singapore's Genting Casino Hurting as Gambling Debts Sour: Chart
(Singapore) -- Unpaid gambling loans may deal Genting Singapore Plc its steepest profit decline since 2009, tumbling 72 percent to S$143 million ($102 million) in 2015...

2/9/2016

article US tribal casino management on the cards for Genting?
(Massachusetts) -- Genting Malaysia Bhd may be venturing into tribal casinos in the US after the gaming giant restructured the shareholding of its indirect wholly owned...

12/1/2015

article The Sky is Not Falling on Genting Singapore
(Singapore) -- It’s not looking very good at Genting Singapore. After Genting reported a 91% year over year fall in earnings for Q2 back in August, this quarter...

11/27/2015

article Genting's gamble: From Zouk, to club lite?
(Singapore) -- The casino and cruise-line conglomerate's purchase of uber-hip Zouk may seem like a mash-up. But delve deeper and there's reason to believe the...

10/8/2015

article Genting’s Resort In UK To Open On Oct 21
(Malaysia) -- Genting Malaysia Bhd’s £150 million (RM967.5 million) Resorts World Birmingham in the UK will open its doors on Oct 21, at 10am (UK time).

10/5/2015

article Genting sells UK online gaming arm to streamline business
(UK) -- Genting Bhd, the management company of the Genting Group, has sold its UK online gaming operation to subsidiary Genting Malaysia (GENM) as part of a move to...

10/4/2015

article Genting Malaysia to shuffle Alderney subsidiary to streamline UK business
(Malaysia) -- According to a filing on Bursa Malaysia (formerly Kuala Lumpur Stock Exchange) this week, Genting Malaysia Bhd will acquire all shares of Genting Alderney...

10/2/2015

article Genting Malaysia to streamline UK gaming operations
(UK) -- Genting Malaysia Bhd, which is 49.3%-owned by Malaysian conglomerate Genting Bhd, plans to streamline its online gaming business structure in the UK by acquiring...

9/19/2015

article Genting Singapore business mix strong, more diverse than Macau's
(Singapore) -- Bernstein Research says Genting Singapore’s business mix is generating strong cash flow driven by mass and nongaming and is more diverse than that...

9/8/2015

article Genting Singapore 'not out of the woods yet'
(Malaysia) -- The long lean spell shows no sign of ending at Genting Singapore over coming quarters as the firm grapples with slowing economies here and in China, and...

8/13/2015

article Genting Is Finally About to Do Something With One of Its Properties
(Florida) -- Malaysian hospitality and gambling conglomerate Genting Group took Miami by storm back in 2011 by buying up the old Miami Herald building and a bunch of...
article Genting Singapore suffers $16.9m loss in Q2
(Singapore) -- Genting Singapore's luck has taken a dive as second-quarter earnings swung into the red with a net loss of $16.9 million. This compared to a net...

8/6/2015

article Genting S'pore shares plunge 8 per cent after profit warning
(Singapore) -- Shares of Genting Singapore sank more than 8 per cent yesterday after the mainboard-listed casino operator issued a profit warning on its upcoming second-...

8/4/2015

article Genting Singapore Profit to Dip on Currency Losses Amid Downturn
(Singapore) -- Genting Singapore Plc, operator of the country’s Resorts World Sentosa casino resort, expects a significant fall in second-quarter profit on...

6/4/2015

article What's hurting casino operator Genting Singapore
(Singapore) -- Somesh Agarwal, senior analyst at Macquarie Securities Group, attributes his poor outlook for Genting Singapore in the medium term to factors such as bad...

5/16/2015

article Sale of Crystal Cruises to Genting completed
(Florida) -- The sale of Crystal Cruises, a California-based luxury line, to Genting Hong Kong was completed on Friday, paving the way for construction of a third ship...

5/15/2015

article Genting Drops Most Since 2010 as China Crackdown Hurts Earnings
(Singapore) -- Genting Singapore Plc slid the most in five years after reporting a 73 plunge in first-quarter profit as China’s anti-graft campaign kept mainland...

3/24/2015

article Genting: Construction set to begin May 5 on Las Vegas megaresort
(Las Vegas) -- The north Strip site formerly home to the Stardust, then the scrapped Echelon project, is set to start coming to life again in less than two months when...

3/22/2015

article Genting grows business in US and South Korea
(Malaysia) -- GENTING Bhd chairman and chief executive officer Tan Sri Lim Kok Thay has been quietly making progress on growing the family business.

3/20/2015

article Genting grows business in US and South Korea
(Malaysia) -- GENTING Bhd chairman and chief executive officer Tan Sri Lim Kok Thay has been quietly making progress on growing the family business.

3/11/2015

article Genting Singapore buys back shares
(Singapore) -- Genting Singapore Plc, operator of the Resorts World Sentosa casino resort (pictured) in Singapore, has bought back 5,489,400 shares for a total...

3/5/2015

article There Might Be A $1.1 Billion Hole In Genting Singapore PLC’s Pocket
(Singapore) -- In 2008, the future looked bleak for Genting Singapore PLC (SGX: G13). Back then, the global financial crisis was unfolding and investors were unsure if...

2/27/2015

article Mega park billed a Jeju ‘game-changer’
(Philippines) -- A groundbreaking ceremony was held on Feb 12 for the long-awaited Myths and History Theme Park, Andeok-myeon, Seogwipo City.

2/26/2015

article Genting Singapore's Q4 profit dives on bad debt provisions
(Singapore) -- Whopping bad debt provisions, coupled with a low-win percentage against VIP casino high-rollers, sent Genting Singapore's fourth-quarter net profit...
article Jeju unlikely a big earner for Genting Singapore: Daiwa
(Singapore) -- Shares in casino resort operator Genting Singapore Plc fell to a near one-year low of SGD0.975 (US$0.72) in early trading on the Singapore Stock Exchange...

2/13/2015

article Genting Singapore breaks ground on Resorts World Jeju
(South Korea) -- Genting Singapore Plc broke ground on Thursday on its Jeju project, in South Korea, the company said in a press release. Resorts World Jeju (RWJ) will...

1/12/2015

article Genting may still get NY casino
(New York) -- There is an outside chance that Genting Group may still get another shot for a casino licence in New York. A special meeting is being held by the State...

1/6/2015

article Genting plans for former Miami Herald site still a mystery
(Florida) -- When real estate agent Sharon Dodge takes clients through the bayfront Plaza Venetia condo tower, they inevitably survey the big debris field next door that...

1/1/2015

article Genting making its presence felt in US landscape
(Malaysia) -- In the large ongoing shake-up of the United States gaming landscape, one household name in Singapore has been quickly making a name for itself: Genting.

12/30/2014

article Genting making its presence felt in US landscape
(USA) -- In the large ongoing shake-up of the United States gaming landscape, one household name in Singapore has been quickly making a name for itself: Genting. Though...

12/19/2014

article Analysts still positive on Genting, 'buy' rating
(Malaysia) -- Despite Genting Malaysia Bhd being unsuccessful in its bid to win a casino licence to develop and operate a gaming facility in upstate New York, analysts...

12/17/2014

article Genting Malaysia shares down after failing to obtain NY licence
(Malaysia) -- Shares of Genting Malaysia fell at mid-afternoon on Thursday after its unit RW Orange Country LCC failed to win a casino licence in upstate New York (NY).

11/30/2014

article Analysts bearish on Genting Singapore's share buyback
(Singapore) -- Analysts are bearish about Genting Singapore’s prospects despite the stock buyback program, which helps strengthen the share price.

11/27/2014

article Genting Outlook Boosts Bets Against the House: Southeast Asia
(Malaysia) -- Analysts are the least optimistic about Genting Singapore Plc (GENS) in a year as slumping casino revenue from high-rollers curbs earnings prospects for...

11/24/2014

article Genting will likely carry on with Las Vegas project despite higher costs
(Malaysia) -- Genting Bhd will most likely continue with its US$4bil Las Vegas project despite the weaker ringgit and potentially higher costs of borrowings. “Once...

11/23/2014

article Genting 3Q Net Down 24% On Year
(Malaysia) -- Genting Bhd (3182.KU), a Malaysian casino and resort operator, said Friday that net profit fell 24% in the third quarter mainly due to lower contributions...

11/21/2014

article Drop in casino revenues hits Genting’s profit
(Malaysia) -- Genting Bhd posted an almost 24% drop in third-quarter profit on Friday, dragged lower by the impact of falling revenue from big money gamblers in its...
article Malaysia's Genting says drop in casino revenues hits profit
(Malaysia) -- Malaysian conglomerate Genting Bhd posted an almost 24 per cent drop in third-quarter profit today (Nov 21), dragged lower by its the impact of falling...

11/20/2014

article Genting to debut in Korea in 2015
(Macau) -- The Genting brand is set to enter South Korea’s gaming market next year via a partnership between Genting Hong Kong Ltd and mainland China real estate...

11/14/2014

article ‘Genting Malaysia undervalued’
(Malaysia) -- GENTING Malaysia Bhd is “deeply undervalued” at five per cent discount to the trading value of its Malaysian operations, says CIMB Research.

11/10/2014

article Bimini SuperFast casino ship leaves Port Everglades
(Florida) -- The Bimini SuperFast casino ship will no longer depart from Ft. Lauderdale. After just a month of weekday cruises from Port Everglades, the ship will now...

9/27/2014

article Genting Group's U.S. casino plans
(Las Vegas) -- When the Nevada Gaming Commission gave Kuala Lumpur-based Genting Malaysia its blessing to develop its $4 billion Resorts World Las Vegas, an Asian...
article Genting Singapore PLC Soars, STI Treads Water
(Singapore) -- The Straits Times Index (SGX: ^STI) declined 0.4% this week to close at 3,292 points. This was a change of around 13 points from last Friday’s close...

9/26/2014

article Recruiters used to boost Genting crowd
(New York) -- If you arrived Tuesday at The Grandview hotel, where the state Gaming Commission held a public comment session on the Catskills/Hudson Valley casino...

9/25/2014

article Genting’s ‘shock-and-awe’ casino strategy
(New York) -- Genting, the Malaysian gambling company vying to build casinos in the Hudson Valley, is taking no chances and sparing no expense in its attempt to win one...

9/23/2014

article Genting’s Lim family has interest in 3 out of 9 New York casino bids
(New York) -- The Lim family appears to be leaving nothing to chance in securing a spot in the New York gambling scene.
article Opponents threaten long legal battle over Genting casino
(New York) -- On Tuesday, opponents of a proposed casino in Tuxedo, New York, told the state's casino siting board they would stall the project with a series of...
article Opposition Mounts To Genting’s New York Plans
(New York) -- Among the nine applicants for a casino license in New York’s Hudson Valley-Catskills region, Genting’s massive Sterling Forest Resort project...

8/19/2014

article Hitch In Genting’s South Korea Casino
(South Korea) -- Genting Group’s plans to start work on its latest casino resort on Jeju Island just off the southern coast of South Korea has hit a hitch and may...

8/6/2014

article Genting gets bay easement removed
(Florida) -- Imagine opening up an entire city block of waterfront on Biscayne Bay – in the heart of downtown Miami – to the public. That’s exactly...

7/28/2014

article Genting Hong Kong surge in profits leads to potential Spanish expansion plans
(Hong Kong) -- Asian Casino operator Genting Hong Kong Ltd, forecasts a net profit of more than US $180 million (£107 Million) for the opening half of 2014. The...

7/26/2014

article An Interesting Bet on Twenty-First Century Fox in Las Vegas
(Las Vegas) -- While investors have mostly put Las Vegas on the back-burner in favor of the more profitable Macau, things are starting to pick up again in Las Vegas, to...

6/20/2014

article Genting close to getting all Nevada licences: Telsey
(Nevada) -- Malaysia’s Genting Bhd is still waiting for all relevant official permits before starting construction on its Las Vegas casino resort, says U.S.-based...

6/19/2014

article Genting Singapore delays ground-breaking in S. Korea
(South Korea) -- Genting Singapore Plc, the operator of the Resorts World Sentosa gambling resort in Singapore, said it is delaying the ground-breaking ceremony for its...

6/13/2014

article Genting seeking development ally for bayfront hotel and condo project
(Florida) -- On the morning of April 28, a demolition crew knocked down the south wall of the former Miami Herald headquarters for its owner, Genting Group. A giant...

5/28/2014

article Genting eyeing Japan next?
(Japan) -- Fresh from its success in Las Vegas, Genting Group is now likely looking at Japan next in its global foray for gaming resort projects. GGRAsia reported that...

5/27/2014

article Nevada regulator approves Genting casino licence
(Nevada) -- The Nevada State Gaming Control Board Gaming Commission has approved a casino licence for Malaysian conglomerate Genting Group ahead of the opening of its...

5/26/2014

article Full steam ahead for Genting Vegas
(Las Vegas) -- THE prized permit for Genting Group to proceed with its latest casino resort project has been approved by the Nevada Gaming Commission late last week.

5/24/2014

article Would Genting Singapore Be Affected by Its Sole Rival’s Change in Leadership?
(Singapore) -- Genting Singapore’s (SGX: G13) bread-and-butter is the tourism destination Resorts World Sentosa, located in Singapore’s Sentosa island (where...

5/22/2014

article Genting gets OK from Nevada gaming regulators
(Las Vegas) -- Nevada gambling regulators gave preliminary approval for Malaysia’s Genting Bhd to do business in the state. The Nevada Gaming Commission said it...

5/21/2014

article Genting’s bid to dominate the downstate casino game
(New York) -- KT Lim, the Malaysian casino magnate who sits at the pinnacle of a global gambling and palm oil empire now valued at $37 billion, is nothing if not...

5/16/2014

article Casino conglomerate Genting Malaysia gets “letter of consent” from Tuxedo for proposed casino
(New York) -- Asia’s largest casino operator received on Monday night what it came to the Town of Tuxedo for: A letter of consent to build a “four season...

5/11/2014

article "Hold" on Genting and Boustead Heavy maintained
(Malaysia) -- MAYBANK IB Research has maintained its “hold” call on Genting with a target price of RM10.22 based on sum-of-part valuations, noting that while...

5/9/2014

article Malaysia’s Genting to take $4bn gamble on Las Vegas Strip casino
(Singapore) -- Malaysia’s Genting Group, one of Asia’s biggest casino operators, is poised to challenge US dominance of the Las Vegas Strip with a $4bn plan...

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