News about Genting Malaysia

KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.

KUALA LUMPUR (Feb 25): Genting Malaysia Bhd (GenM) has accepted a US$175 million (RM707 million) loan from US bank Wells Fargo for a piece of vacant land at its Resorts World Casino New York City.

KUALA LUMPUR (Feb 9): Genting Malaysia Bhd's 49%-owned associate Genting Empire Resorts LLC, which operates the Resorts World Catskills (RWC) casino in New York, said developing a video gaming machine facility in Orange County has, for many years, been part of RWC's long-term vision for Hudson Valley and Catskills within the US state.

KUALA LUMPUR (Feb 2): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned dormant subsidiary Stanley Leisure (Ireland) Unlimited Company (SLIUC), which was incorporated in Ireland, was placed under members' voluntary liquidation last Wednesday (Jan 27) pursuant to the provisions of the Companies Act 2014 of Ireland.

KUALA LUMPUR (Jan 26): S&P Global Ratings expects Genting Malaysia Bhd’s (GenM) wholly-owned subsidiary Genting New York LLC to register a sharp recovery after the Covid-19 pandemic-driven shutdown as Genting New York operations are located at the heart of the metropolitan area in New York and has a low dependency on tourists for gaming revenue.

KUALA LUMPUR (Jan 21): Genting Malaysia Bhd (GenM)’s Resorts World Genting, Resorts World Away, Resorts World Kijal and Resorts World Langkawi will be temporarily closed following the implementation of the Movement Control Order (MCO) in six more states.

KUALA LUMPUR (Jan 15): Genting Malaysia Bhd's (GenM) wholly-owned subsidiary Genting UK plc permanently closed its Genting Casino Southport (pictured), in the north west of England, with 38 staff members facing redundancy.

KUALA LUMPUR (Jan 13): Genting Malaysia Bhd’s Resorts World Genting (RWG) yesterday issued a notice that it anticipates a decline in number of visitors following the implementation of the Movement Control Order (MCO), Conditional MCO (CMCO) and Recovery MCO (RMCO).

KUALA LUMPUR (Dec 29): Genting Malaysia Bhd’s (GenM) operating unit Resorts World Genting (RWG) said in its latest notice that it remains open, and that the hotel and casino operator is not operating in the affected area where an enhanced movement control order (EMCO) is being implemented — at the Amber Court and Ria apartments — until Jan 6 to curb the spread of the Covid-19 pandemic.

KUALA LUMPUR (Dec 7): Genting Malaysia Bhd’s resort in the Bahamas will be reopening on Boxing Day (Dec 26) this year.