Genting’s costly HK venture

Venice in the East: Overview of the Venetian resort in Macau. One year after the opening of Macau’s casino resort, the Las Vegas Sands Corps has opened its second Cotai strip property. – AFP

It’s arguable whether Genting Malaysia will gain from Genting HK stake after impairment.

ON the face of it, Genting Malaysia Bhd (GenM) will make quite a handsome gain by selling out of its Hong Kong-headquartered unit.