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Genting Malaysia Cuts Pay Again as Covid Shut Local Casino


Genting Malaysia Cuts Pay Again as Covid Shut Local Casino
Bloomberg
3/3/2021
Yantoultra Ngui
(Bloomberg) Casino-to-hospitality giant Genting Malaysia Bhd. is planning another round of salary cuts as it seeks to slash costs amid the prolonged coronavirus pandemic.
Genting Malaysia, a unit of conglomerate Genting Bhd. that’s controlled by Malaysian tycoon Lim Kok Thay, is asking some employees to agree to a temporary reduction of 15% or 20% in basic salary based on their ranks, according to an internal memo dated March 1 seen by Bloomberg News. Some workers are being asked to take one day a week of no pay leave. ....

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Genting registers RM1bil loss in 2020, flags highly uncertain year ahead


registered a small net profit in the last quarter, but warned that the outlook for 2021 is highly uncertain due to the Covid-19 pandemic.
For the full year ended Dec 31, 20 the group made a loss of RM1bil.
Revenue was halved to RM11.56bil compared with RM21.6bil a year ago.
The group has declared a special single-tier dividend of 8.5 sen per share for FY20. Total dividend (including the interim dividend of 6.5 sen) for FY20 will amount to 15 sen per share.
The outlook for the global tourism, leisure and hospitality industries remain highly uncertain, Genting said in a statement today.
While the regional gaming market has continued to register some level of recovery, significant challenges will persist in the coming year given the negative impact of the pandemic on the sector, it added.
 ....

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Resorts World Genting puts final touches on new theme park


/ Posted on 24 February, 2021 13:09
Genting Malaysia is readying its US$800 million outdoor theme park, Genting SkyWorlds, for a mid-year opening at Resorts World Genting.
Sitting 1,829m above sea level, Genting SkyWorlds takes in 10.5 hectares of space where 26 rides and attractions are housed. While slightly smaller than Universal Studios Singapore at sister property Resorts World Singapore, Genting SkyWorlds boasts the same number of attractions.
Aerial view of Genting SkyWorlds, overlooking Eagle Mountain and the Mad Ramp Peak ride
Besides presenting original Intellectual Properties (IPs), Genting SkyWorlds will also incorporate 20th Century Studios brands and IPs across its rides and attractions. These IPs include Ice Age, Night at the Museum and Planet of the Apes, among others. This will be complemented by a unique array of themed retail, dining, and entertainment experiences. ....

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Genting Skyworlds Is A New Movie-Inspired Theme Park Opening In Mid-2021


Genting Skyworlds opening soon in Malaysia
Mention Genting Highlands to Malaysians and they’ll immediately think of the plethora of thrilling activities to be found in theme parks and resorts located on this hill station. Come mid-2021, there will be another new attraction to check out here:
Genting Skyworlds.
This new theme park is set to open soon, and is a spin-off from a project previously called 20th Century Fox World. But movie buffs can still look forward to getting their share of
movie-themed rides and attractions here, as Genting Skyworlds – which spans 26-acres, or about the size of 19 football fields – will comprise 26 rides and attractions inspired by blockbusters such as ....

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