Odds slowly turning in favour of Genting

The gaming company’s management is now planning to open another tower at its First World Hotel for an additional 1,400 rooms, besides the 2,000 hotel rooms it initially reopened. However, Genting Malaysia’s casinos in the United States and the UK remain closed for now.

THE reopening of Genting Malaysia Bhd’s flagship Resorts World Genting (RWG) some three weeks ago has received good response from patrons, a sign that the gaming company is on the road to recovery, albeit early days.

In an update on the gaming stock from the recent Invest Asean 2020 conference, an investment bank told its clients that the estimated footfall at the RWG complex on the hilltop of Genting Highlands reached half the numbers it used to see prior to the Covid-19 outbreak.