Tuesday, October 20, 2020

Tag: Malaysia

Genting sets course for loss reduction with cruise investment

Genting Hong Kong Ltd has announced it expects to reduce H118 net loss to between $150m and $170m, down 17 percent from a $205m figure for the same period last year. The entertainment and casino firm, a subsidiary of Malaysian group Genting Berhad, posted net loss of $502.3 in 2016, but has since reduced the deficit through investment in cruise...

Genting Malaysia contributes heavily to group growth

Genting Singapore
The Genting Group has reported its first quarter revenue hit $1.3bn, a 10.1 percent rise on the same period last year. The increase comes despite net profit declining 9.8 percent, after one-off asset sales in Q117 added $97m to the figure for the period. In a statement to the Bursa stock exchange, the group added that the strong performance of subsidiary...

Spintec installs multi-game amphitheatre solution in Genting Malaysia

Genting Brexit Malaysia
Spintec celebrates their success after completing the installation of their Electronic Gaming Equipment to the newly refurbished Genting Highlands in Malaysia.   Spintec’s Electronic roulettes are debuting at Sky casino, configured as a multi-game amphitheatre solution with 50 stand-alone terminals including two games, automated and live roulette. Spintec’s electronic roulette has become one of the most popular electronic roulettes in Macau. As...

Donaco looks to expand land-based and online gaming operations

Joey Lim Keong Yew donaco
  Australian-listed Donaco International is planning to expand both its land-based and online gaming operations.   Speaking to local media, Donaco CEO Joey Lim Keong Yew stated that his company hopes to move beyond its current casino foothold in Cambodia and Vietnam into other Asia-Pacific markets, including Macau, South Korea, the Philippines and Japan, within the next five years. Lim stated that this...

Betsoft focuses on Asia with new partner HBET63

Hbet63 Betsoft Spillehallen.
The leading online gaming software provider, Betsoft Gaming, has strengthed its position in Asia by forming a partnership with new Asian-facing operator, Hbet63. Betsoft Gaming, architects of the revolutionary Shift™ platform, has closed the deal with HBet63 whose primary focus is on the market covering China, Singapore and Malaysia. Under the terms of the partnership, HBet63 will be taking on Betsoft’s...

Genting safe from Brexit effect as Malaysian developments spur growth

Genting Brexit Malaysia
Genting Malaysia has announced that its Malaysian operations be able to cushion its UK casinos’ earnings from any Brexit impact.   Investment researchers AllianceDBS said the group’s UK operations contribute less than 10 percent of its earnings before interest, tax, depreciation and amortization (EBITDA). “Brexit should not be a key drag. Although the group has overseas operations covering the UK and US,...

Malaysian operator claims big things in store for Sihanoukville

Sihanoukville
According to an article in The Cambodia Daily, newly-established Malaysian operator SV International has claimed that it aims to turn the coastal town of Sihanoukville in a “casino city”, after Cambodian ministers gave the go-ahead for its development plans. A promotional video posted online by the company said that it would aim to offer “24-hour borderless online betting games,” alongside...

Genting Malaysia: Earnings down on forex losses

Casino operator Genting Malaysia recorded a year-on- year earnings decline of 60 per cent in the first quarter of 2016. Leisure and hospitality giant Genting Malaysia saw earnings in the first quarter of 2016 drop by 60 per cent, as foreign exchange losses cut into the group’s bottom line. In the three months ended March 31, revenues for Genting Malaysia, which...

Resorts World Las Vegas: Full-scale construction to start later this year

Resorts World Las Vegas ICR
After a year of little movement, Malaysia’s Genting Group will ramp up the development of Resorts World Las Vegas over the coming months.   Construction of the $4bn (E3.5bn) Resorts World Las Vegas will ramp up in the final quarter of 2016, an executive affiliated with the project told Nevada gaming regulators in May. Appearing before the Nevada Gaming Control Board a...

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