Genting casino has super strict restriction for muslims! Muslims are strictly ban from entering, even workers are all non muslim! If government close down Genting casino, our nation will see mushrooming of illegal casino! In fact you can find this 'family entertainment centre' all over Malaysia! There's even one arm bandit near my house operating even during MCO! Imagine billions of tax slipping through government coffer! Likewise, 4D outlets too strict ban muslims from buying! So what the heck is Pas fake holymen so worry about! Muslims cannot gambling in this license premise! Even if they want to, Genting casino and legal 4D outlets will be closed down immediately even if only one muslim gamble with them!
Pas fake holymen have been preaching this nonsense for half a century already! But we all know that Kelantan has the highest HIV cases in Malaysia! We all know Kelantan has the highest divorce rate! We also know Kelantan has the highest drug addiction! If Pas fake holymen can't even contain their own, why should we follow their hypocrisy!
Just use brain to think la, will you sacrifice this money tree if you in the stance? Just use brain. How to invest without brains? Nowadays so many brainless investor
ly the time as vegas casino went busted, genting malaysia still, will stand tall dont bother what the kampung zai pas said what we should concern is , genting massive expansion in the usa.
Genting Malaysia reported a net loss of MYR366.7 million (US$87.4 million) in the three months to 30 June 2021, improved from a loss of MYR923.2 million (US$220.1 million) in 2Q20 due to improved revenues in all of its key markets.
Despite operations in Malaysia, the United States and the UK and Egypt continuing to be interrupted by COVID-19 closures, Genting Malaysia recorded a 700% year-on-year increase in group-wide revenue to MYR817.9 million (US$195.0 million) in 2Q21, with Adjusted EBITDA of MYR45.6 million (US$10.9 million) versus an EBITDA loss of MYR486.2 million (US$115.9 million) a year earlier.
At Resorts World Genting in Malaysia, revenue increased from MYR82.2 million (US$19.6 million) to MYR237.9 million (US$56.7 million) despite the property suspending operations from 1 June.
In the US and Bahamas, revenue soared from a zero base to MYR352.9 million (US$84.1 million) with Adjusted EBITDA of MYR109.3 million (US$26.1 million).
“The improvement in earnings was also driven by the swift recovery registered at Resorts World Casino New York City (RWNYC), with the property achieving approximately the same level of gross gaming revenue this quarter as compared to the corresponding quarter in 2019,” the company said.
Revenue in the UK and Egypt grew five-fold to MYR185.3 million (US$44.2 million) with Adjusted EBITDA of MYR14.3 million (US$3.4 million) thanks to the reopening of Resorts World Birmingham and the Group’s land-based casinos in the UK as of 17 May 2021.
Genting Malaysia said it remains cautious as to its recovery prospects following a recent report from analysts suggesting Resorts World Genting will remain closed until November.
“Challenges to global growth persist given ongoing concerns surrounding the evolving COVID-19 situation worldwide and potential risks of heightened financial market volatility,” the company said.
“In Malaysia, economic recovery is expected to be delayed by the earlier re-imposition of containment measures nationwide and increased spread of COVID-19.
“While international travel has shown early signs of revival, the recent COVID-19 developments will continue to pose uncertainties to the outlook for the tourism, leisure, and hospitality sectors. The regional gaming market is expected to remain challenging in the short-term.
“The Group maintains its cautious stance on the near-term prospects of the leisure and hospitality industry.”
Better result as compared to last year, it's improving. The recovery slowly coming. Price is slowly moving up, as an long term investor, what else do you want?? Just wait to enjoy a future gain when the price back to the peak at 5.5 or 6 in next 2-3years. Cheers!!
But for those who expected to see an immediate improvement will feel disappointed. So, it's depend on each of everyone expectation. Personally I'm satisfied with the result!
Those that died, over 80% have not completed their vaccinations. And you should go out and look at the roads and see the jam for yourself. For the fully vaccinated, and outside of the age group and without co-morbidities, the risk is low. Life goes on
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
skyu
2,497 posts
Posted by skyu > 2021-08-24 22:16 | Report Abuse
lu people first time in genting relating stock and fear if what the PAS said ? come on , they said the same thing 20 years go.