Genting will likely carry on with Las Vegas project despite higher costs

PETALING JAYA: Genting Bhd will most likely continue with its US$4bil Las Vegas project despite the weaker ringgit and potentially higher costs of borrowings.

“Once operations start, Genting will receive its revenue in US dollars, hence reducing its risks. Moreover, Genting has very strong financial muscle and it wouldn’t be a trouble for it to fund the project,” an analyst told StarBiz yesterday.