Tag: malaysia
Genting Malaysia narrows loss in 1Q, records revenue of US$494 million
International casino operator Genting Malaysia Bhd recorded total first-quarter revenue of just above MYR2.28 billion (US$493.7 million), up 32.7 percent from the prior-year period. Judged sequentially, group-wide revenue was down 6.2 percent, according to a Thursday filing to Bursa Malaysia. The group reported first-quarter adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) of MYR592.9 […]
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Singapore’s Visitor Count Increases by 14% Sequentially in 1Q
Visitor volume to Singapore grew by 13.7 percent sequentially in the first quarter of 2023, to 2.9 million, according to data issued by the city-state’s tourism board. Measured in year-on-year terms, it was up by more than 1,000 percent, as Singapore had approximately 246,000 visitor arrivals in the first three months of last year, with […]
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Miami land deal boosts credit rating for GEN Bhd, says Moody’s
Casino investor Genting Malaysia Bhd’s proposed disposal of several land plots in Miami, Florida in the United States, can boost the consolidated liquidity of its parent, Genting Bhd, says Moody’s Investors Service Inc. The ratings house adds that post transaction, Genting Bhd’s cash holdings on a pro forma basis are expected to be MYR27.3 billion […]
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GEN Malaysia to Offer Miami Plots for Sale at a Price of $1.2 Billion
Global casino operator Genting Malaysia Bhd says one of its units has a “conditional sale and purchase agreement” for the disposal of several land plots in Miami, Florida, in the United States, for a total cash consideration of just below US$1.23 billion. The firm said it expected a gain on disposal of US$967 million, according […]
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