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Overview
Financial Highlight
HeadlinesBusiness Background Genting Malaysia is a resorts and casino company and is a subsidiary of the holdings company Genting. The company has two primary business segments: Leisure & Hospitality and Properties. The Leisure & Hospitality segment operates numerous resorts, many of which include casinos, theme parks, concerts, restaurants, and retail shopping locations. The flagship resort operates five hotels, an amusement park, and entertainment venues. The Properties segment controls and leases real estate. The company generates the vast majority of its revenue in Malaysia.
  ImCK study law la lambaga only can have that control want become lembaga then ask sarawak and sabah johor 1st 15/09/2024 2:02 PM Amazonboy Parti ajaran sesat...talk nonsense day & night....u think they dont want money...Lol 16/09/2024 7:04 AM  Income It green wave is very strong in GE 16, Genm is．．．🫨 Must battle with pas b4 they win GE16。 16/09/2024 8:21 AM Income TEMERLOH: Pas today amended its constitution to open its membership to non-Muslims to join the Islamic party as associate members. The motion tabled by party secretary-general Datuk Seri Takiyuddin Hassan at the 70th Pas annual muktamar at the Al-Makmur complex in Kerdau here today received unanimous backing from the 1,324 delegates. However, he said only non-Muslims are allowed to take up the associate membership and atheists are not allowed. "For those who want to become a Pas associate member, they must practise either Hindu, Christian, Buddhist or any other religion in the world. "Conditions to become regular Pas members remains unchanged. "Yes, practise any other religions apart from Islam, and those without a religion like atheists cannot take up the membership. "The amendment involves Clause 10 which previously only involved a single type of membership," he said when tabling the proposal. Takiyuddin said the constitution amendments will strengthen Pas's non-Muslim Supporters Wing (DHPP) by giving its members more rights and responsibilities, including the right to vote and be picked into the party as stipulated under Clause 60 in Pas's constitution. "The amendment will give a bigger space for DHPP to contribute towards the direction of the party," he said. 16/09/2024 8:58 AM NatsukoMishima Feng shui very bad , more head winds to impact genting , better change ships ! 16/09/2024 9:59 AM Shines Its the Federal Govt Authority, woukd very much like to see how the State Govt. can close 2G 16/09/2024 11:22 AM Income Posted by Shines > Sep 16, 2024 11:22 AM | Report Abuse Its the Federal Govt Authority, woukd very much like to see how the State Govt. can close 2G ？ Bro, If Pas wins Paha ng inGE16，pas can take Gen m land back 。U know what I mean? 16/09/2024 1:36 PM Income Land title belongs to state authority。 Gambling license is Federal authority. If you don't have land title, can you'll operate at Genting? Thinking logically。 16/09/2024 1:40 PM Income So Gen m with license can move to Sabahor Sarawak to get land to operate casino。Very easy bro to understand 16/09/2024 1:43 PM Income If move to Sabah or Sarawak, Nusantara Indon can come to play in casino。Better for Genm。 16/09/2024 1:45 PM Income Singapore or Thailand has their own casino. Gen m in Pa hang can't attract Sporean or Thai。 16/09/2024 1:49 PM Amazonboy Genting oso have casino in Selangor...which wll continue...even in worse case scenario...genm wll open new casino in Thailand & UAE...malaysia is not stable...genm wont throw money...Lol 16/09/2024 1:53 PM StakesAreHigh The new casino in genting highlands is under Selangor state if im not mistaken. Only the old casino in on Pahang 17/09/2024 12:24 AM Income Genting Highlands is located in both the states of Pahang and Selangor in Malaysia. The majority of the area falls under Pahang state, while a smaller portion is in Selangor state. 17/09/2024 9:17 AM Income FYI, The Resorts World Genting complex, which includes the casino, is primarily situated in the Pahang side of Genting Highlands. However, some of the hotels like Maxims Hotel are located in the Selangor side. 17/09/2024 9:17 AM Income The problem is will selangor gives land to Genting to relocate? Selanger also wants to project clean syariah image. So how? 17/09/2024 9:21 AM mesoan none of the property is located in selangor, go see google map. everything in pahang 17/09/2024 9:27 AM Income Pahang is currently led by a Barisan Nasional-Pakatan Harapan unity government. It was formed after no coalition had the majority needed to form the state government following the outcome of the last general election (GE15) in November 2022. BN secured 17 seats and PH won eight seats, while Perikatan Nasional also won 17 seats. Andansura stressed that PAS intends to remove all actions that are detrimental to society and that it would be handled according to the law. PN just need 8 more seat s in GE16．Very serious threat poses by PN pas. 17/09/2024 9:35 AM Income Pas, please don't kill Genting good which lays the golden eggs. My Rm trap here. Haizz 17/09/2024 9:38 AM Income Long time auntie anduncle trap ped here kah? Everyday pas nothing to do, just bombing Gen m. 17/09/2024 9:42 AM Income In GE16, PN pas will surely conquer more states. Because Green wave is very strong. 17/09/2024 9:52 AM mesoan but Pas need to wait till 2028 for next election to control Pahang? why worry now? 17/09/2024 10:00 AM LilasIkuta lol... genm is paying millions of tax everyyear to goverment, do u think they will shut down genm? 17/09/2024 10:40 AM Income Why worry now? Bcos Genting needs a few years to move out of Pahang. If not relocate early, no more business. Share prices drop to under Rm1.00. I think Genm needs to prepare for Pas threat… like what pas did in Kedah…. 17/09/2024 10:43 AM boonwei98 @Lilaslkuta...today is the ex date so yes...its after deduction of dividend. 17/09/2024 2:13 PM Income Posted by LilasIkuta > Sep 17, 2024 10:40 AM | Report Abuse lol... genm is paying millions of tax everyyear to goverment, do u think they will shut down genm? ？ Like in Kelante, Green wave doesn't care about economy or collecting tax It cares about votes from its supporters to retain pwr。Religion is more important than economy in kelante， 17/09/2024 5:23 PM chokra In my opinion, if laymen like us make sweeping unreliable statements, it is just empty talk out of frustrations. But if a incumbent state assemblyman makes a political statement, it can have consequences. Sometimes positive and sometimes negative. If he is making statements for business people with vested interests then that is market manipulation. Genting Malaysia and its shareholders should consider to take a class action against this irresponsible Pas Assemblyman if the shares of Genting Malaysia plunge because of this threat by the Pas Assemblyman. What he said can cause turbulence in the share price. This can be considered as sabotage or economic mischief. 17/09/2024 6:57 PM RonnyWu PAS will give pass to casino business for sure when they run out of money 😁 18/09/2024 9:00 PM hng33 Very wrong timely issue debt worth USD 535m + USD 100m, at more expensive interest cost 7.25%, day before Fed rate cut 0.5% 19/09/2024 9:48 AM TomYam https://www.thestar.com.my/business/business-news/2024/09/17/fbm-klci-gamuda-set-to-join-as-genting-malaysia-faces-possible-exit 19/09/2024 10:02 AM AdCool Come Oct/Nov/Dec, it would up back to 2.80 as usual. It's just a cycle for GenM for the past few years. Up at end of the year to Feb and then down back to Nov for the boss to play long and short. 19/09/2024 10:37 AM pangolin adcool , let hope ur statement will come true coming oct - dec , 2.80 is kind enough to leave genting malaysia 19/09/2024 12:38 PM ImCK people do casino genting do casino why gross profit only 26.2% compare to sands gross profit 40% above wynn gross profit 67.3% mgm gross profit 40.5% Caesars gross profit 50% 20/09/2024 10:00 PM Income ImCK people do casino genting do casino why gross profit only 26.2% compare to sands gross profit 40% above wynn gross profit 67.3% mgm gross profit 40.5% Caesars gross profit 50% 20/09/2024 10:00 PM ？ Can anyone ask this in the AGM? The skeletons dugged out by ImCK 21/09/2024 4:18 PM ImCK should ask management in AGM impossible different from peer so much . They didnt do cost control well ? 22/09/2024 11:41 AM RonnyWu Fitch Ratings has affirmed Genting Malaysia’s ‘Long-Term Issuer Default Rating (IDR)’ as ‘BBB/Stable’ while Genting New York was rated RWN due to uncertainties regarding its New York casino licence bid. Fitch also maintained GENM's Standalone Credit Profile (SCP) at 'bbb-.' “GENM's IDR is equalised with that of its stronger parent, Genting Berhad (GENT, BBB/Stable), which owns 49% of the company,” based on Fitch's assessment of Genting Berhad's high incentives to support GENM. Key rating drives for GENM’s ratings included Malaysia’s robust performance, which made up 60% of GENM’s revenue. Revenue rose by 14% year-on-year in H1 2024 as domestic traffic rebounds and there is an increase in international tourists as regional travel continues to recover. It was also expected for GENM's EBITDA net leverage to drop to around 3.0x by 2026, from about 4.0x in 2023 on higher EBITDA growth. “We expect GENM's financial structure to improve from our previous forecast of below 4.0x net leverage by 2025,” stated Fitch. Genting New York (GENNY) however was rated RWN because the evaluation also included the risk that it may not win the bidding process for a full-scale casino licence in New York. While the bet, if successful, would “boost GENM's geographic diversification and potentially lower the tax on GENNY's gross gaming revenue from around 65%,” there wouldn’t be any impact on GENM's SCP or IDR, or on GENT.” In its financial review in August, Genting Malaysia saw Q2 revenue rise to RM2.67bn ($0.62bn), while its H1 revenue was RM5.43bn. 23/09/2024 11:10 AM Donator Malaysia government tax Genting casino a lot, profit margin sure lower compare to other country casino 23/09/2024 4:02 PM Reggie DAP LIM Guang Eng is the one who proposed tax increased for local casino. C 23/09/2024 5:45 PM Income ImCK people do casino genting do casino why gross profit only 26.2% compare to sands gross profit 40% above wynn gross profit 67.3% mgm gross profit 40.5% Caesars gross profit 50% 20/09/2024 10:00 PM ？ ImCK， U making all under ＆aunties losing sleep。Don't be like that。 Bury this info under your pillow lah ImCK。 25/09/2024 4:27 AM  | |
