• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GEN Malaysia shareholders nod 2017 final dividend

Jun 13, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


GEN Malaysia shareholders nod 2017 final dividend

The shareholders of Genting Malaysia Bhd have approved the payment of a final, single-tier dividend of MYR0.05 (US$0.0125) per ordinary share for last year. The gaming company said the shareholders approved the dividend at the annual general meeting held earlier this month.

Genting Malaysia declared the dividend in February, when it announced its results for its financial year ended December 31, 2017. The company told Bursa Malaysia it had made a net profit of about MYR1.16 billion last year on revenue of nearly MYR9.33 billion. The year before, the company made a net profit of about MYR2.88 billion on revenue of about MYR8.97 billion. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 9 percent last year to about MYR2.21 billion.

Late last month, the casino operator reported a 10.6-percent year-on-year improvement in first quarter profit for this year. Genting Malaysia’s first quarter profit of MYR358.2 million – compared to MYR323.9 million in the same period a year earlier – came from casino operations at Malaysia’s only licensed casino destination, Resorts World Genting (pictured), as well as operations in Britain, Egypt, the United States and the Bahamas.

The group includes gaming revenue in its “leisure and hospitality” revenue, which also covers “hotels, food and beverage, theme parks, retail, entertainment attractions, tours and travel related services and other supporting services”.


  • tweet
Related articles
  • Dividend restart still far for Macau ops: JP Morgan
    Dividend restart still far for Macau...

    May 30, 2023  

  • Genting Malaysia revenue at US$494mln in 1Q, narrows loss
    Genting Malaysia revenue at US$494mln...

    May 25, 2023  

More news
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling...

    May 31, 2023  

  • Thailand still a watch and wait: LVS chairman
    Thailand still a watch and wait: LVS...

    May 31, 2023  


Latest News

iGaming growing in Asia, ops tackling challenges: Uplatform

iGaming growing in Asia, ops tackling challenges: Uplatform

May 31, 2023  

The iGaming segment in Asia “has grown rapidly” since the onset of the Covid-19 pandemic in early 2020, says Rakhi Jaimini (pictured), sales manager at sports betting and online casino operating...
Read More
Thailand still a watch and wait: LVS chairman

Thailand still a watch and wait: LVS chairman

May 31, 2023  

Bloomberry new court win in Bangladesh Bank heist case

Bloomberry new court win in Bangladesh Bank heist case

May 31, 2023  

‘See before you play’ slot marketing tool, say tech suppliers

‘See before you play’ slot marketing tool, say tech...

May 31, 2023  

Macau stocks tied to China outlook: Bloomberg analyst

Macau stocks tied to China outlook: Bloomberg analyst

May 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”[Macau casino] operators may want to remain prudent in not appearing to reward shareholders too early”

DS Kim

Head of Asia gaming and leisure research at JP Morgan Securities (Asia Pacific)



Most Popular

  • Dividend restart still far for Macau ops: JP MorganDividend restart still far for Macau ops: JP Morgan May 30, 2023
  • We’ll be in Singapore for many years: LVS chairmanWe’ll be in Singapore for many years: LVS chairman May 30, 2023
  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us