News about Genting

KUALA LUMPUR (Aug 21): Casino and hotel operator Genting Bhd's share price fell more than 4% to become the worst-hit entity among the FBM KLCI's 30 stocks at Bursa Malaysia's afternoon break today after cruise ship operator Genting Hong Kong Ltd said on Wednesday (Aug 19) the company should temporarily suspend all payments to creditors to preserve liquidity.

KUALA LUMPUR (Aug 21): News on Genting Hong Kong Ltd (Gent HK) opting to suspend payments to all creditors to preserve cash is expected to trigger a knee-jerk reaction to the share prices of its sister companies — Genting Bhd and Genting Malaysia Bhd (GENTM) on Bursa Malaysia, although the duo do not hold any equity stake in the Hong Kong-listed cruise operator.

KUALA LUMPUR (Aug 4): Hong Kong-listed Genting Hong Kong Ltd has issued a profit guidance warning of a “significantly higher” net loss for the six months ended June 30, 2020 (1H20) versus the corresponding period in 2019, no thanks to the Covid-19 pandemic.

KUALA LUMPUR (July 30): Resorts World Genting has mandated that all visitors to the tourist destination must wear face masks beginning Aug 1 in line with a government directive.

PETALING JAYA (July 17): Genting UK, a subsidiary of entertainment and gaming conglomerate Genting Malaysia Bhd, is mulling to shave over 1,600 jobs in the United Kingdoms owing to unprecedented losses over the past few months’ of lockdown, reported Sky News today.

SINGAPORE (July 16): Two weeks after it was allowed to partially reopen, Resorts World Sentosa (RWS) (run by Genting Singapore) “axed an unconfirmed number of workers out of its total of 9,373 as at end of last year”, reported The Edge Singapore.

KUALA LUMPUR (July 7): Property developer NCT Group has inked a Memorandum of Understanding (MoU) with Huawei Technologies Malaysia on a smart campus technology for NCT Group's projects.

KUALA LUMPUR (June 22): Genting Malaysia Bhd is targeting to open its outdoor theme park — which will be named "Genting SkyWorlds" — in the second quarter of 2021 (2Q21).

KUALA LUMPUR (June 18): Trading interest in shares in Genting Malaysia Bhd (GenM) spiked after it announced that its Resorts World Genting (RWG) will resume operations tomorrow, and analysts are positive on this.

KUALA LUMPUR (June 18): Genting Malaysia Bhd's (GENM) hilltop casino will resume operations this Friday (June 19) after being shut for three months since March 18 due to the Movement Control Order (MCO).