#Genting Malaysia

Asgam

Potential resurrection of New York, Massachusetts casino developments bodes well for Genting Malaysia

Maybank Investment Bank said Sunday they could raise Genting Malaysia's long-term earnings estimates by as much as 74% following news that two key potential casino developments in the United States could be back on the menu. As per local news reports, the New York State Gaming Commission has now resumed the Request for Applications (RFA) process…

Gaming Authorities ・ 10 October 2023

European Gaming

Genting Malaysia Warns of Illegal Online Gambling Sites Using its Brand

Genting Malaysia has issued a warning about the fraudulent use of its corporate image to promote online gambling platforms. The casino operator said it had been made aware of unauthorised posts on social media platforms and web links related to online gaming. The company clarified that Genting Bhd, Genting Malaysia Bhd and Resorts World Genting…

Incidents ・ 15 March 2023

GGRAsia

Genting says not linked to online gaming platforms

The Genting group has once again issued warnings regarding what it says is the fraudulent use of its corporate image to promote online gambling platforms. In a post on its corporate website, casino operator Genting Malaysia Bhd said it had been "made aware of fake news on unauthorised social media platforms and weblinks, purportedly linked to the…

Industry ・ 13 March 2023

iGaming Business

Tilman Fertitta takes Las Vegas

In a city long known for bigger-than-life figures such as mobster Bugsy Siegel, reclusive tycoon Howard Hughes and casino mogul Steve Wynn, Tilman Fertitta is the newest big player on the Las Vegas Strip. The billionaire Texas businessman and owner of Fertitta Entertainment, which owns more than 600 restaurants, hotels, casinos and other…

Industry ・ 14 December 2022

Super Slots Casino

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World Casino News

Wynn Macau leads gains in Macau casino stocks after license approval

Wynn Macau led an improvement of Macau gaming stocks on Monday, November 28th in Hong Kong, following the city's government announcement over the weekend that its six current casino operators will acquire new licenses to operate in the largest gambling center in the world from January. Continued stability for Macau operators: Shares of Wynn Macau…

Finance ・ 30 November 2022

The Edge Markets

Genting Malaysia flags fake news on online gaming

KUALA LUMPUR (Oct 26): Genting Malaysia Bhd (GenM) issued a warning regarding fake news on unauthorised social media and web links related to online gaming, according to its website. GenM issued the warning following online gaming fake news purportedly linked to The Star Media Group. "We wish to stress that GenM is not involved or associated in any…

Trust and Safety ・ 26 October 2022

Drift Travel

Casino Options That You Must Try!

The gaming industry is growing in several countries. In Malaysia, both offline and online gaming are equally developed. Sports betting is a sensible option if you enjoy extreme mental games or appreciate sports. Everything is available in Malaysia, including e-sports betting, online gambling, slot machines, and football betting. Nearly everyone in…

Baccarat ・ 21 October 2022

Asgam

Macau government officially accepts Genting Malaysia bid for casino concession: report

A bid by Genting Malaysia subsidiary GMM S.A. for one of the six Macau gaming concessions being offered under the government's public tender has been "definitively accepted", according to a report from TDM-Rádio Macau. All seven bidding companies, including GMM and all six current casino concessionaires, submitted their bids on 14 September,…

Travel ・ 18 October 2022

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Malysiakini

Genting makes surprise bid for Macau gambling license

Macau's government opened bids today from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai Nong and Secretary for…

Law ・ 16 October 2022

Reuters

Analysis: Genting aims to upend Macau casino landscape in bidding war

HONG KONG, Sept 30 (Reuters) - Malaysian group Genting has emerged as a strong contender to unseat an incumbent Macau casino operator for a new license, analysts and executives say, unleashing possibly the biggest shakeup in the world's largest gambling hub in over two decades. Only six slots will be available for the seven applicants, Macau's…

Covid ・ 30 September 2022

Bangkok Post

Macau casino bids include surprise

Malaysia's Genting challenges incumbents as licences up for renewal in world's top gambling hub People walk past Casino Lisboa in Macau. (Reuter File Photo) HONG KONG: The government of Macau opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licences to operate casinos in the world's biggest…

Covid ・ 22 September 2022

World Casino News

Unexpected runner enters the Macau casino licensing race

In Macau and a company linked to the boss of prominent Asian gambling operator Genting Malaysia Berhad has reportedly applied for one of the enclave's coming ten-year casino licenses. According to a report from Inside Asian Gaming, Macau is home to almost 40 casinos run by a sextuplet that encompasses MGM China Holdings Limited, Wynn Macau…

Law ・ 18 September 2022

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Rappler

Gambling giant Macau opens bids from 7 casinos, Genting a wildcard

RESORTS WORLD. Signage of Genting Malaysiau2019s Resorts World is displayed at its casino, hotel, and entertainment park in Genting Highlands, Pahang, Malaysia, September 16, 2022. Hasnoor Hussain/Reuters All six incumbent Macau players submit bids, together with GMM Limited, a holding company of Genting Group chairman Sri Lim Kok Thay HONG KONG -…

Covid ・ 16 September 2022

Malay Mail

Gambling giant Macau opens bids from seven casinos, Genting a wildcard

HONG KONG, Sept 16 - Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai…

Covid ・ 16 September 2022

Asgam

Resorts World Las Vegas EBITDA seen as below expectations despite record June quarter

Analysts have described the EBITDA performance of Genting Berhad's US$4.3 billion Las Vegas integrated resort, Resorts World Las Vegas, as "still below expectations" despite the property recording the highest quarterly revenue and EBITDA numbers since opening in 2Q22. In a note examining Genting Bhd's results, which were released overnight (Asia…

Travel ・ 26 August 2022

World Casino News

Three more English venues for Genting Casinos UK Limited

In the United Kingdom and the local Genting Casinos UK Limited arm of Asian casino giant Genting Malaysia Berhad has announced the completion of its deal to purchase smaller counterpart Casino 36 UK Limited for an undisclosed amount. The Birmingham -headquartered subordinate used an official Monday press release to detail that it was already…

Travel ・ 25 August 2022

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World Casino News

Gambling Regulatory Authority watchdog launched in Singapore

Some five months after ratifying new regulatory legislation and the government of Singapore has reportedly inaugurated its new Gambling Regulatory Authority watchdog as a direct replacement for its former Casino Regulatory Authority body. According to a report from GGRAsia, the official appearance of the new watchdog follows the previous British…

Law ・ 18 August 2022

This is Ardee

Wynn Resorts, Las Vegas Sands, Okada Manila

2021-2030 Report on Global Resorts Casino Market by Player, Region, Type, Application and Sales Channel is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development,…

Travel ・ 26 July 2022

Indian Defence News

Global Casino Resorts Market 2022-2030 Key Players: Las Vegas Sands, Metro-Goldwyn-Mayer (MGM), Caesars Entertainment

Latest published market research report titled World Casino Resorts Market by Player, Region, Type, Application and Sales Channel, Forecast 2022-2030 is a meticulously planned activity where a wide range of aspects and factors that influence the Casino Resorts industry, as well as the marketing environment are taken into consideration. Our team of…

Travel ・ 14 June 2022

AGB - Asia Gaming Brief

Your Daily Asia Gaming eBrief: Where did skill-based slots go?

Good Morning. When was the last time you heard about skill-based gaming machines? We asked that same question at AGB last week and went out to get answers. What we've found is that while some have closed shop, the others that remain are alive and kicking - and now more focused after learning from mistakes of the past. In today's Deep Dive, we speak…

Covid ・ 09 May 2022

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Las Vegas Sands, Bellagio Shanghai, Ritz Carlton Millenia

The Latest research study released by HTF MI "Global Resorts Casino Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in…

Land-based ・ 29 April 2022

Ripon College Days

Las Vegas Sands, Metro-Goldwyn-Mayer (MGM), Caesars Entertainmentz

Global Casino Resorts Market Insights & Forecast to 2028 Acor Insights latest Market Research Findings on the Global Casino Resorts Market offers a detailed analysis into the worldwide or regional Casino Resorts market taking 2021 as the base year offering forecast till 2028. Information with respect to trade share, growth expectation, future…

Sports ・ 28 April 2022

Recent Slot Releases

Global Gambling Industry Report 2022: Information and Data on Activities in 250+ Jurisdictions

The "Global Gambling Report" report has been added to ResearchAndMarkets's offering. This comprehensive Global Gambling Report contains information and data on gambling activities in more than 250 jurisdictions. It is constantly updated with new developments in regulation, taxation and market performance for the sports betting, horseracing, casino,…

Industry ・ 22 February 2022

Gambling News

Omicron Surge Unlikely to Dissuade Gambling In Malaysia

According to a note issued by Malaysia's Maybank Investment Bank Research, the sudden rise in the number of COVID-19 cases caused by the Omicron variant is not likely to trigger a drop in the number of gamblers or result in additional lockdown scenarios. According to analyst Samuel Yin Shao Yang, the fear of Omicron has been alleviated by the…

Covid ・ 18 February 2022

Casino Reports

NY Senate Leader Backs Empire City Casino

State Senate Majority Leader Andrea Stewart-Cousins has most recently given her verdict and preferences on which downstate New York property should get one of the three full-commercial casino licenses. The Senate leader expressed her support for MGM Resorts International's Empire City Casino to be given one of the licenses, as it could do well with…

Politics ・ 09 February 2022

World Casino News

New casino tax regime for Singapore

In Singapore and legislators have reportedly amended the Casino Control Act following over two years of discussion and debate to institute a new tiered tax system for the island nation's pair of giant integrated casino resorts. According to a report from Inside Asian Gaming, the new provisions contained within in the recently-passed Gambling Duties…

Finance ・ 11 January 2022

The Boston Globe

Mashpee Wampanoag reservation regains legal status; Taunton casino project’s future unclear

The Mashpee Wampanoag Tribe regained legal status for its reservation land in southeastern Massachusetts this week following a decision by the US Department of the Interior, reopening the door for the tribe to continue exploring plans for a $1 billion casino in Taunton. The ruling, issued Wednesday, marks the end of a years-long legal saga and…

Politics ・ 25 December 2021

Yogonet

Resorts World Las Vegas sees first full quarter revenue results at $175M, still hit by Nevada's restrictions

As Genting issued its financial reports for the third quarter of 2021 on Thursday, much attention went to its $4.3 billion US flagship property, Resorts World Las Vegas, which posted its financial results for its first full quarter of operations since opening on June 24. The state-of-the-art casino posted revenue of $175 million and Adjusted EBITDA…

Travel ・ 26 November 2021

The Star

All eyes on Genting’s New York casino unit

PETALING JAYA: Genting Malaysia Bhd's wholly-owned subsidiary, Resorts World New York City (RWNYC), is in a good position to win one of the three downstate commercial casino licences offered by the New York State Gaming Commission (NYSGC). The NYSGC has launched a request for information (RFI) on three downstate commercial casino licences after a…

Gaming Authorities ・ 09 November 2021

Asgam

Genting Malaysia well placed to win full New York casino license: Maybank IB

Genting Malaysia's slots-only New York casino, Resorts World New York City, is well placed to win a full casino license should state officials move in that direction next year, according to Maybank IB Research analyst Samuel Yin Shao Yang. The New York State Gaming Commission last month launched a Request for Information (RFI) solicitation in order…

Gaming Authorities ・ 08 November 2021

World Casino News

Fresh hope for ‘downstate’ New York casino resort

The New York State Gaming Commission has reportedly launched a campaign that could eventually see up to three Las Vegas -style casino resorts opened in the highly-populated'downstate' region around New York City. According to a Wednesday report from the New York Post newspaper, the state regulator is running a'request for expressions of interest'…

Travel ・ 22 October 2021

Forbes

Tycoon Lim Kok Thay’s Genting Malaysia To Inject $150 Million In U.S. Casino Operator Empire Resorts

Genting Malaysia -controlled by billionaire Lim Kok Thay -has agreed to inject a further $150 million into Empire Resorts to help the U.S.-based casino operator repay its debts amid signs gaming revenues are rebounding as pandemic-induced restrictions ease. The fresh capital injection sets the stage for Empire to implement its long-term financing…

Travel ・ 13 October 2021

The Edge Markets

Genting UK's online casino said to be marketed on new platform by Amazon.com unit

KUALA LUMPUR (Aug 25): Genting Malaysia Bhd's (GenM) indirect wholly-owned subsidiary Genting UK plc is reported to have moved its online Genting Casino operations to a new platform provided by SkillOnNet in collaboration with Amazon.com Inc unit Prime Gaming to expand Genting UK's online footprint across Europe, Inside Asian Gaming (IAG) reported…

Travel ・ 25 August 2021

Pursuitist

The Opening of One of the Largest Casinos in Las Vegas

The $4.3 billion complex in Las Vegas in now open with more than 40 restaurants to enjoy among the Strip resorts and in one of the biggest casino cities. This casino has been in works with the planning and building for more than seven years. Attracting all legal gambling age groups, this casino is expecting to attract many gambling enthusiasts from…

Gaming Authorities ・ 18 August 2021

iNtergame

Malaysia casinos 'to open in November'

The analysts had initially predicted that its casinos would reopen at the end of August, but its new forecast is based on when the country expects to achieve herd immunity. Genting Skyworld, however, is expected to open in December to coincide with the school holidays. Genting's casinos in Malaysia have been closed since the end of May. Earlier…

Industry ・ 18 August 2021

World Casino News

Resorts World Las Vegas link for DarkZero

American eSports organization DarkZero has announced the signing of an agreement that is to see it host all of its participants, partners and industry colleagues at the recently-opened Resorts World Las Vegas venue on an exclusive basis. The Las Vegas-headquartered enterprise used an official Friday press release to declare that the arrangement…

Travel ・ 11 August 2021

Casino News Daily

Genting Sells Underperforming Maxims Casino in London

Genting UK has sold Maxims Club Casino to a Canadian gaming group for £34.6 million after years of looking for a buyer Malaysian casino and hospitality giant Genting Malaysia Bhd said Friday that its wholly-owned subsidiary Genting UK has offloaded its entire interest in Coastbright Ltd. , the casino operator of Maxims Club Casino in Kensington,…

Travel ・ 14 July 2021

Oxford Spokesman

$4.3 billion Resorts World opens in Las Vegas

LAS VEGAS - Resorts World Las Vegas, the first ground-up and integrated resort on the Las Vegas Strip in more than a decade, celebrated its grand opening Thursday with a star-studded party that included DJs Tiesto and Steve Aoki, actor-singer Usher, sisters Paris Hilton and Nicky Hilton and momager Kris Jenner and her daughter, supermodel Kendall…

Travel ・ 30 June 2021

World Casino News

Thursday premiere for Resorts World Las Vegas

In Las Vegas and casino operator Genting Malaysia Berhad is reportedly set to begin welcoming guests to its new Resorts World Las Vegas property from 11am PDT today following just over 73 months of construction. According to a report from the British Broadcasting Corporation (BBC), the Malaysian firm broke ground on the 3500-room venue in May of…

Travel ・ 26 June 2021

World Casino News

Resorts World Las Vegas experiences a successful opening

The boss for casino operator Genting Malaysia Berhad reportedly told a select group of guests attending the grand opening of his firm's new Resorts World Las Vegas property yesterday that plans are already in the works to potentially expand the $4.3 billion development. According to a report from the Las Vegas Review-Journal newspaper, Lim Kok Thay…

Travel ・ 25 June 2021

Star Advertiser

Resorts World Las Vegas gets regulatory OK to open June 24

LAS VEGAS >> The Malaysia-based owner of one of the biggest casino projects ever on the Las Vegas Strip won regulatory approval today to deal cards, roll dice and welcome gamblers when Resorts World Las Vegas opens on June 24. With praise for the $4.3 billion development and the boost it could provide in a pandemic-battered economy, the Nevada…

Travel ・ 26 May 2021

Westfair Commumications

THIS JUST IN: Resorts World Hudson Valley's proposed casino in Newburgh Mall wins unanimous approval

In what will be a game changer for New York's gambling industry, Newburgh's Town Board on Monday night approved the agreement between Monticello Raceway Management and Resorts World Hudson Valley. The board unanimously accepted the State Environmental Quality Review on allowing video lottery terminals in shopping centers, as well as approving the…

Travel ・ 25 May 2021

Yogonet

Nevada's regulator greenlights Resorts World Las Vegas to open June 24

Resorts World Las Vegas has received regulatory approval to open June 24 on the Las Vegas Strip. Nevada Gaming Commission granted licenses to Genting Group and its publicly traded subsidiary, Genting Malaysia Berhad, the Malaysia-based owner of the $4.3 billion development. C ommission Chairman John Moran Jr. stated after the unanimous vote: "We…

Travel ・ 25 May 2021