• 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

Genting Highlands to open 500 new rooms by end-2014

Sep 01, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck  


Genting Highlands to open 500 new rooms by end-2014

The refurbishment and expansion of Malaysia’s only casino resort is moving rapidly. Genting Malaysia Bhd’s management now plans to open the first batch of 500 additional rooms at Resorts World Genting (pictured – file photo), otherwise known as Genting Highlands, by the end of the year, Malaysian investment bank CIMB said.

“Previous guidance on the 1,300-room expansion was that it was likely to all come on-stream in mid-2015,” noted analyst Lucius Chong.

“The opening of the first 500 rooms of that expansion by the end of the year and the remaining 800 rooms by mid-2015 is therefore a positive surprise,” Mr Chong wrote in a note issued on Friday.

He added that the addition of 500 rooms represented a 6-percent increase in room inventory at the Genting Highlands property.

The casino resort is undergoing a MYR5-billion (US$1.58 billion) revamp, officially dubbed the ‘Genting Integrated Tourism Plan’. The plan includes a 20th Century Fox outdoor theme park (to open in 2016), a new hotel, more shops and the renovation and upgrading of existing rooms and facilities.

CIMB expects an additional 100 gaming tables or 20 percent increase in gaming capacity will be added to Genting Highlands with the 1,300 new rooms.

Genting Malaysia last week reported a 45-percent drop in net profit in the second quarter of 2014. Revenue from the Malaysian leisure and hospitality business declined 12 percent to MYR1.3 billion primarily due to a lower hold percentage in the premium players business, the company said, adding the ongoing revamp at Genting Highlands had resulted in lower visitor numbers to the resort.


  • tweet
Related articles
  • Macau govt names members of new casino-policy committee
    Macau govt names members of new...

    Aug 17, 2022  

  • Singapore’s Gambling Regulatory Authority inaugurated
    Singapore’s Gambling Regulatory...

    Aug 16, 2022  

More news
  • Macau resuming tourism promotion on Chinese mainland
    Macau resuming tourism promotion on...

    Aug 19, 2022  

  • SOFTSWISS Game Aggregator deal on Vibra Gaming content
    SOFTSWISS Game Aggregator deal on Vibra...

    Aug 19, 2022  


Latest News

Macau resuming tourism promotion on Chinese mainland

Macau resuming tourism promotion on Chinese mainland

Aug 19, 2022  

Macao Government Tourism Office (MGTO) said on Friday that it is resuming promotion of Macau as a travel destination, targeting mainland Chinese consumers. Its new campaign starts this month and runs...
Read More
SOFTSWISS Game Aggregator deal on Vibra Gaming content

SOFTSWISS Game Aggregator deal on Vibra Gaming content

Aug 19, 2022  

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Aug 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

“The key focus is digging ourselves, together with the other five operators, out of hole that Macau has been in for the last three years”

Lawrence Ho Yau Lung

Chairman of casino operator Melco Resorts



Most Popular

  • Studio City Phase 2 opening 2Q23, in stages: Lawrence HoStudio City Phase 2 opening 2Q23, in stages: Lawrence Ho August 19, 2022
  • Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H lossGalaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss August 18, 2022
  • GEN HK liquidators considering offers on Manila venue stakeGEN HK liquidators considering offers on Manila venue stake August 18, 2022
  • China restates action on overseas-bet fugitivesChina restates action on overseas-bet fugitives August 17, 2022
  • Macau govt names members of new casino-policy committeeMacau govt names members of new casino-policy committee August 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us