At a June 12 shareholder meeting, Genting Malaysia Berhad President and Chief Operating Officer Tan Kong Han said the gaming giant has no plans to close casinos at Resorts World Genting, its vast casino complex in Genting Highlands near Kuala Lumpur.
Parts of Genting Circus Palace and Genting Hollywood closed at the end of February, leaving SkyCasino as the resort’s sole fully operational gaming hall. Tan said the partially closed casinos are being renovated and will reopen. Asia Gaming Brief, however, has linked the closures to lower patronage and revenues. Genting Malaysia is the country’s sole gaming operator.
In related news reported by MSN, Genting Berhad is still looking at opportunities to list in the United States. The company’s stateside assets include Resorts World Las Vegas, which opened in June 2021, and three Resorts World-branded properties in New York State: Resorts World Catskills, Resorts World Hudson Valley and Resorts World New York City in Queens borough. The latter property is considered a frontrunner for one of three full-scale casino licenses to be awarded in downstate New York.
“Listing in the United States can unlock shareholder value and enhance the value of the group,” Tan said. “We will obviously pay attention to this matter, but we also need to observe the environment in the United States and it will depend on the situation.”
