• 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

Hopes GEN Highlands casino reopens pre Sept 1: analyst

Jun 11, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck  


Hopes GEN Highlands casino reopens pre Sept 1: analyst

The operator of the Resorts World Genting casino complex in Malaysia hopes it can reopen the venue before September 1 if it can convince the country’s government it has a suitable health and safety plan in the aftermath of the initial Covid-19 emergency.

That is according to an investment analyst – who asked not to be named – in comments to GGRAsia. The resort, run by Genting Malaysia Bhd, was first shuttered on March 18 as part of national efforts to contain the novel coronavirus associated the Covid-19 infection. The closure was subsequently extended on several occasions, and there is not yet a confirmed date for the property’s reopening.

“They are not mentioned in the national reopening plan,” the person noted, referring to Resorts World Genting and the announcement that from Wednesday until August 31 there would be some relaxation of pandemic-control measures in Malaysia. The country’s so-called Recovery Movement Control Order outlined on Tuesday foresees a full reopening of the economy after September 1.

The analyst stated regarding Resorts World Genting, Malaysia’s only casino complex: “They remain closed but hope they can reopen before 1 September 2020 by exhibiting their post- Covid-19 pandemic ‘standard operating procedures’ to the government.”

A notice on Resorts World Genting’s website carrying Tuesday’s date confirmed that the property was still shut – along with the group’s non-gaming resorts in that country – despite the so-called recovery order of the national government.

With reference to the casino complex the notice stated: “We would like to assure you that, despite the temporary closure, we have heightened our already-stringent hygiene practices to safeguard the health and safety of all our guests and employees. This will ensure that you have a safe and enjoyable experience once we reopen.”

On Wednesday, an official from Malaysia’s Ministry of Health said the country had recorded two new Covid-19 cases as of noon that day, the lowest reported daily tally since the initial Movement Control Order on March 18. The new cases brought the national tally of infections to 8,338.

In late May Genting Malaysia – which also operates casinos in the United States, the Bahamas, the United Kingdom and Egypt – reported a net loss attributable to shareholders of nearly MYR418.0 million (US$98.2 million at current exchange rates) for the first quarter of 2020, due to what it said was a decline in overall business caused by Covid-19.

Commentary from analysts after the results announcement noted that the opening of an outdoor theme park at Resorts World Genting was being delayed further, this time by more than 12 months, to the fourth quarter 2021 from the third quarter this year, due to the impact of the coronavirus pandemic.


  • tweet
Related articles
  • RGB posts 3Q profit, revenue reaches US$37mln
    RGB posts 3Q profit, revenue reaches...

    Nov 30, 2023  

  • Malaysia to allow visa-free entry to Chinese citizens
    Malaysia to allow visa-free entry to...

    Nov 27, 2023  

More news
  • Welcome mat, pricey hotels drag Macau MICE: sector
    Welcome mat, pricey hotels drag Macau...

    Dec 01, 2023  

  • Kangwon Land Inc CEO Lee Sam-Geol resigns: reports
    Kangwon Land Inc CEO Lee Sam-Geol...

    Dec 01, 2023  


Latest News

Welcome mat, pricey hotels drag Macau MICE: sector

Welcome mat, pricey hotels drag Macau MICE: sector

Dec 01, 2023  

Fresh event space in casino resorts is welcomed by Macau’s meetings, incentives, conferences and exhibitions (MICE) sector, but visitors’ reception on arrival in the city, high hotel prices, and...
Read More
Kangwon Land Inc CEO Lee Sam-Geol resigns: reports

Kangwon Land Inc CEO Lee Sam-Geol resigns: reports

Dec 01, 2023  

Paradise Co Nov casino rev top US$43mln, down sequentially

Paradise Co Nov casino rev top US$43mln, down sequentially

Dec 01, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We committed to the government to provide a full business idea and plan for Phase 1b around 12 months after the casino opens, therefore, probably early 2025”

Chen Si

President of the Mohegan Inspire Entertainment Resort in South Korea



Most Popular

  • Macau op premium play reinvestment 17pct of GGR: CLSAMacau op premium play reinvestment 17pct of GGR: CLSA November 30, 2023
  • Inspire Arena leads Mohegan debut in Asia gaming resort bizInspire Arena leads Mohegan debut in Asia gaming resort biz November 30, 2023
  • Macau November GGR down 18pct on October: govtMacau November GGR down 18pct on October: govt December 1, 2023
  • Mohegan Inspire still eyes 1Q24 casino debut: presidentMohegan Inspire still eyes 1Q24 casino debut: president December 1, 2023
  • Miriam Adelson selling US$2bln LVS stock to buy sports teamMiriam Adelson selling US$2bln LVS stock to buy sports team November 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us