News about Genting Malaysia

KUALA LUMPUR (Oct 1): Genting Malaysia Bhd has announced the resumption of business at Resort World Genting (RWG) beginning Thursday with limited offerings, under Phase 3 of the National Recovery Plan for Pahang residents.

KUALA LUMPUR (Aug 27): Genting Malaysia Bhd’s (GenM) net loss narrowed to RM348.

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.

KUALA LUMPUR (July 12): Genting Malaysia Bhd’s indirect 100%-owned subsidiary Genting New York LLC has been named among the 10 highest-spending lobbying entities in the US state of New York after the casino and hotel operator was reported to have spent US$1.

KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.

KUALA LUMPUR (Feb 25): Genting Malaysia Bhd (GenM) has accepted a US$175 million (RM707 million) loan from US bank Wells Fargo for a piece of vacant land at its Resorts World Casino New York City.

KUALA LUMPUR (Feb 9): Genting Malaysia Bhd's 49%-owned associate Genting Empire Resorts LLC, which operates the Resorts World Catskills (RWC) casino in New York, said developing a video gaming machine facility in Orange County has, for many years, been part of RWC's long-term vision for Hudson Valley and Catskills within the US state.

KUALA LUMPUR (Feb 2): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned dormant subsidiary Stanley Leisure (Ireland) Unlimited Company (SLIUC), which was incorporated in Ireland, was placed under members' voluntary liquidation last Wednesday (Jan 27) pursuant to the provisions of the Companies Act 2014 of Ireland.

KUALA LUMPUR (Jan 26): S&P Global Ratings expects Genting Malaysia Bhd’s (GenM) wholly-owned subsidiary Genting New York LLC to register a sharp recovery after the Covid-19 pandemic-driven shutdown as Genting New York operations are located at the heart of the metropolitan area in New York and has a low dependency on tourists for gaming revenue.

KUALA LUMPUR (Jan 21): Genting Malaysia Bhd (GenM)’s Resorts World Genting, Resorts World Away, Resorts World Kijal and Resorts World Langkawi will be temporarily closed following the implementation of the Movement Control Order (MCO) in six more states.