GGRAsia – Casino business parent Genting Bhd to pay interim dividend

Casino business parent Genting Bhd to pay interim dividend

Oct 16, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Genting Bhd, a Malaysia-listed conglomerate that is parent to a number of casino companies with operations in Asia and worldwide, has declared an interim dividend of MYR0.065 (US$0.0155) per share relating to the financial year ending December 31.

The single-tier dividend is payable on November 18, the group said in a Monday filing to Bursa Malaysia.

In early August subsidiary unit Genting Singapore Ltd, operator of the Resorts World Sentosa casino resort in Singapore, announced in its second-quarter results for the period to June 30, an interim dividend of SGD0.015 (US$0.0109) per ordinary share, payable on September 20.

Later that month Genting Malaysia Bhd – which runs Resorts World Genting, Malaysia’s only casino resort and has operations in the United States and the Bahamas, the United Kingdom and Egypt – declared in its second-quarter results an interim, single-tier dividend of MYR0.06 per ordinary share, payable on October 11.

In late August, Genting Hong Kong Ltd, a Hong Kong-listed operator of casino cruise ships and shipyards, as well as an investor in the Resorts World Manila casino resort in the Philippines, issued its interim results, showing a narrowed first-half loss. It did not recommend the declaration of any interim dividend for that reporting period. For the first half 2018, it had declared a dividend of US$0.01 per ordinary share.