S&P Global downgrades Genting Bhd's credit rating

Dec 04

KUALA LUMPUR (Dec 4): S&P Global Ratings has today downgraded its long-term issuer credit rating on Genting Bhd to 'BBB+' from 'A-' in anticipation that the hotel and casino operator's leverage will increase, amid an expected weakening in cash flow adequacy over the next 12 to 18 months, given the company's aggressive expansion plans.

Genting 3Q profitable on absence of RM1.83b impairment loss

Nov 29

KUALA LUMPUR (Nov 29): Genting Bhd posted a net profit of RM305.

Genting's Resorts World Las Vegas to include new facilities

Nov 25

KUALA LUMPUR (Nov 25): Genting Bhd's Resorts World Las Vegas has unveiled its updated plans for the US$4.

Equanimity sale proceeds can now be placed in MoF asset recovery account

Nov 22

KUALA LUMPUR (Nov 22): About US$124.

Genting Malaysia unit buys 13.2 million Empire shares from Kien Huat

Nov 05

KUALA LUMPUR (Nov 5): Genting Malaysia Bhd's wholly-owned subsidiary Genting (USA) Ltd (GenUSA) had on Monday (Nov 4) purchased 13.

YNH set to unveil Genting project

Nov 04

KUALA LUMPUR (Nov 4): Investors are probably watching closely every move YNH Property Bhd’s board makes, given the company’s inexplicably high valuations relative to its peers against the backdrop of a lacklustre year for property counters.

Jho Low's yacht on the market again, but more expensive this time

Oct 20

PETALING JAYA (Oct 20): The superyacht that was once owned by fugitive businessman/dealmaker Jho Low is back on the market again, according to reports.

Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal

Oct 16

KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair offer to take the US-based casino operator private.