Twenty-four-storey Sheraton Kota Kinabalu opens doors
The hotel is designed for gatherings, featuring a 703-sqm grand ballroom, four meeting rooms and a wedding pavilion.
Genting Malaysia’s loss-making Empire Resorts to sell non-gaming assets for RM2.2b to cut costs, clear debt
Genting Malaysia said the deal will see Empire Resorts sell key non-casino properties—including the 332-room Resorts World Catskills (RWC) and the 99-room Alder Hotel, a 18-hole Monster golf course, the 2,500-seat RWC Epicenter, and restaurants—to a local development body, Sullivan County Resort Facilities Local Development Corporation (SCRFLDC), which will run them as public assets.
Oriental Holdings' 1Q net profit falls 72% on lower operating profit, declares 20 sen dividend
The hotels and resorts segment experienced a 17.
Bursa grills Genting Malaysia over US$41m Empire Resorts buyout
The acquisition will turn Empire Resorts, the operator of Resorts World Catskills, Resorts World Hudson Valley, and Resorts World Bet in New York, from being GENM's 49%-owned associate to a fully-owned subsidiary.
Genting Malaysia takes full control of Empire Resorts from Lim family in US$41 mil deal
The transaction, announced by Genting Malaysia on Friday via a bourse filing, will result in Empire Resorts becoming an indirect wholly owned subsidiary of Genting Malaysia, via Genting ER Ltd.
Crockfords at Resorts World Genting secures 5-star rating for sixth straight year from Forbes Travel Guide
The recognition places Crockfords, which boasts of unobstructed scenic views of the surrounding rainforest and mountainous landscape in all its 177 rooms, among an exclusive group of only 340 luxury hotels and properties worldwide given the prestigious rating.
Resorts World Genting shuts two of its three casinos for upgrades
The gaming group posted the announcement on the Resorts World Genting website, stating that Genting Casino 1 (Circus Palace) and Genting Casino 2 (Hollywood) will be closed with effect from Feb 28.
I-Bhd announces partnership with Wyndham Hotels & Resorts
The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.
Genting’s Resorts World Sentosa set to benefit from return of Chinese travellers — report
In a report on Thursday (Aug 17), Inside Asian Gaming magazine cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.
Landmarks' Andaman Resorts placed under receivership after defaulting on OCBC loan
The group said in a bourse filing that OCBC has proceeded to appoint Khoo Siew Kiat and Lim Keng Peo of Deloitte Restructuring Services PLT as the "joint and several receivers and managers over the assets and undertakings of ARSB", whose assets have a net book value of RM25.
