Genting Malaysia Bhd chairman and chief executive Lim Kok Thay says the theme park his gaming company is building at Resorts World Genting will be ready for action early next year, the Business Times reports in a news article carried by the Asiaone website.
The report quotes Mr Lim as saying he wanted the theme park open by January but that the “latest twist” had caught the company by surprise.
Genting Malaysia is suing Fox Entertainment Group LLC and some related companies, as well as The Walt Disney Co – currently suitor to many of the Fox brand’s entertainment assets – for more than US$1 billion, accusing them of backing out of a contract arising from the Genting Malaysia plan to build a theme park bearing the 21st Century Fox brand for the Resorts World Genting, a casino resort (pictured in a file photo) near Malaysia’s capital Kuala Lumpur.
Even so, the plans for the theme park “are all in place”, Mr Lim was quoted as saying. He added that the theme park was only a small part of the expansion Genting Malaysia envisaged for Resorts World Genting, Malaysia’s only legal casino resort, also known as Genting Highlands.
“The expansion plans up in Genting Highlands have been implemented in phases and visits have been growing – and, in line with that, revenue and so on,” the report quotes Mr Lim as saying. “So it is pretty much on track that values will be delivered to shareholders,” the executive reportedly added.
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Analyst at Roth Capital Partners