Genting Malaysia NY app in fight for market share

KUALA LUMPUR: Genting Malaysia Bhd's newly launched mobile sports betting app in New York may need to undergo a gestation period before it contributes meaningfully to the bottomline as it faces competition from more bigger and more well-established rivals.

Launching on March 3, Genting Malaysia's mobile sports betting app, named Resorts World Bet, is a late entrant to the New York scene as other operators started as early as January 8, said Hong Leong Investment Bank (HLIB) research.