ade and quality workmanship.“ Well done, SkyWorld team and congratulations to its future residents

KUALA LUMPUR: With limited information over the launch of the SkyWorlds outdoor theme park, Genting

of the outdoor theme park, Genting Skyworlds, is expected to further facilitate visitor arrivals to

PETALING JAYA: The worst is over for Genting Malaysia Bhd as recovery continues to take place amid increasing vaccinations and the gradual return to normalcy. RHB Research, in a report to its clients, said that its team recently visited Resorts World Genting( RWG) and “ were encouraged by the crowd.” “ While visitor levels have yet to reach the pre-pandemic levels, it should improve going forward as higher vaccination rates will hasten the return to normalcy.“ The imminent opening of Genting Sky

KUALA LUMPUR: Star Media Group Bhd( SMG) has appointed Chan Seng Fatt as group chief executive officer effective March 1, 2024. Chan, 60, succeeds Alex Yeow Wai Siaw, who is stepping down following the conclusion of his contract on Feb 29. Following his appointment, Chan will resign as an independent non-executive director of SMG on Feb 29.... He was appointed to the board on Aug 11, 2018.He will also cease to be the chairman of the audit committee and a member of the nomination committee on th

KUALA LUMPUR: Maybank Investment Bank Research is forecasting a wider core net loss for Genting Malaysia Bhd as it projects a delay in the reopening of Resorts World Genting to November 2021 following the recent surge in new Covid-19 cases in the country.... The research house, which had initially predicted a resumption of operations at end-August, said its new timeline for a reopening coincides with expectations that the country will achieve herd immunity in October.... Moving forward, the re

KUALA LUMPUR: The worst could be over for number forecast operators( NFOs) with the end of movement restrictions and the resumption of economic activity.A recovery is also anticipated for casino operators’ earnings despite having generally underperformed due to a slower-than-expected rebound, RHB Research said.It also noted that the recovery in NFOs’ ticket sales seems to be slower than anticipated for the time being.On some individual company results for the quarter, the research house said Gen

PETALING JAYA: A quick reopening of borders will further benefit recovery plays including the aviation, tourism and real estate investment trust( REITs) sectors besides also lifting general market sentiment, according to analysts. This will be a significant milestone in the normalisation process for markets. The recent proposal by the National Recovery Council to reopen Malaysia’s international borders as soon as March 1 without the need for compulsory quarantines comes sooner than expected, acc

Besides RWG, GenM also owns and operates Genting UK, Resorts World New York and Resorts World Bimini. RWG has always been the “ cash cow ” of the group, Maybank IB noted, adding that the cashflows generated by RWG have helped GenM expand beyond Malaysia....

KUALA LUMPUR: With the reopening of borders, tourism players are expecting to see sales turnover of between RM35mil and RM40mil at this year’s Malaysian Association of Tour and Travel Agents( MATTA) Fair. MATTA honorary secretary-general Mohammad Faeez Mohamad Fadhlillah said the association is optimistic that its various holiday and experiential packages will attract travellers and rejuvenate the tourism industry.He said MATTA, which has over 3, 400 members, is offering attractive deals and pro