Casino operator Genting Malaysia Bhd has declared a final single-tier dividend for 2015 of MYR0.043 (US$0.011) per share. For 2014 it declared a final single-tier dividend of MYR0.035.
The latest dividend is payable on July 26 to shareholders of record as of June 30.
The firm’s stock was valued at MYR4.59 per unit in Wednesday morning trading on the Malaysian stock exchange, Bursa Malaysia.
Genting Malaysia is currently seeking approval from its shareholders to renew the disposal mandate of its entire 16.87 percent interest in casino ship operator and Philippines casino investor Genting Hong Kong Ltd. Both Genting Malaysia and Genting Hong Kong are controlled by Malaysia-based Genting Group.
Genting Malaysia runs Resorts World Genting (pictured), Malaysia’s only casino resort, and operates casinos in the United States, the Bahamas and the United Kingdom. Earlier this month, the company confirmed in a filing that it would be managing the casino at a resort being developed by a Native American tribe in Massachusetts in the United States.
Genting Malaysia in February announced that it would be doubling the investment to expand and add new facilities to the firm’s Resorts World Genting. The total capital investment is now estimated at MYR10.38 billion from the original MYR5 billion announced in 2013.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia