KUALA LUMPUR (March 12): S&P Global Ratings revised its outlook on Genting Bhd to negative from stable to reflect its view that Genting Bhd's revenue and EBITDA will drop by 20%-25% and 25%-30% respectively in 2020 because of the ongoing COVID-19 outbreak.
KUALA LUMPUR: The Genting Group has filed a suit against the proposed Genting Sky City development, claiming that the project does not meet development guidelines, given its location on a steep hillside which may destabilise land in the surrounding area and result in damage to the existing developments in its proximity.
KUALA LUMPUR (June 11): Donaco International Ltd, which is linked to the late Genting Group founder Tan Sri Lim Goh Tong's grandsons, said today Benjamin Lim Keong Hoe's (pictured) role as interim chief executive officer (CEO) and managing director has now concluded following Paul Arbuckle's appointment as CEO.
KUALA LUMPUR (Jan 22): Genting Group said it remains confident of defeating Wynn Resorts Holdings LLC's baseless claims against Resorts World Las Vegas LLC on trademark infringement and unfair competition when all the relevant facts are presented, Las Vegas Review-Journal reported on Saturday.
KUALA LUMPUR (Jan 25): Genting Group unit Resorts World Miami will use the former Miami Herald site in the US state of Florida as an event venue after Resorts World Miami signed a multi-year deal with Miami-based Loud and Live.
KUALA LUMPUR (Aug 4): Malaysia's Genting Group and Pavilion Group are partnering with Vietnam-based property developer Van Thinh Phat Group Corp to develop the US$6 billion (about RM24 billion) Saigon Peninsula mixed project in Ho Chi Minh City, Vietnam.