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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Wall St set for lower open on lingering concerns over elevated rates
Astro revises dividend policy for FY24 onwards
Ringgit ends higher against US dollar on firmer oil prices
Puncak Niaga drops RM14bil suit against Selangor govt
Bina Darulaman to jointly pursue Solar opportunities in Malaysia
Senheng acquires central distribution centre in Klang, Selangor for RM75.8mil cash
Dialog to invest in malic acid plant in Gebeng, Kuantan
FBM KLCI under selling pressure
Indonesia may issue regulations on social media e-commerce this week
Steven Sim: Not the right time to bring back GST

Others Also Read