Resorts World Genting, Genting Malaysia’s flagship casino complex in Genting Highlands, is gradually returning to pre-Covid capacity and also looking to draw more international visitors.
In Genting Malaysia’s 2022 annual report, published earlier this month, Chairman Alwi Jantan said, “We are encouraged by the recovery trajectory of our operations in Malaysia, [but] we remain cognizant of the potential challenges in the operating environment. The group will continue to focus on ramping up its operations at Resorts World Genting to pre-pandemic capacity.”
According to GGRAsia, in February the global operator reported “a 65 percent increase” in fourth-quarter revenue in Malaysia, growing year-on-year to MYR1.59 billion (US$360.7 million), with “30 percent growth” in EBITDA to MYR467.3 million.
“These improvements were largely attributable to the overall higher volume of business registered at Resorts World Genting, as the resort’s improved operating performance was driven by the continued ramp up of its business following the lifting of Covid-19 related restrictions, and the reopening of national borders in Malaysia from 1 April 2022,” the report stated at the time. An added attraction is a new outdoor theme park opened at the complex in 2022.
Jantan said the group hopes to “attract incremental foreign [visitors] to the resort. In line with the improving optimism surrounding international travel, the broad-based recovery of the regional gaming sector is expected to remain intact, aided by the reopening of key markets and pent-up demand.”
Genting also runs casinos in the U.S., the Bahamas, the United Kingdom and Egypt.
