Skyworld theme park profitability very much depends on the outdoor weather. Ask yourself these questions, how often did you go outside when you visit Genting & for how long did you stay outside? How often was the weather good? This theme park could turned into a white elephant due to miscalculation of the weather.
Everest! Skyworld is a 10 years in making! Before that, Genting had outdoor theme park! And yeah, you are right, totally depends on weather! Anyway, at last Skyworld is open for business! The wait is just way too long!
Forsee a lot of the outdoor park rides getting stoppages due to weather and breakdowns due to the humidity. 6000 ft above sea level. All you can catch are foggy photos & cold....maybe omi...hahaha
Agree @Tobby. I had been to the outdoors at Genting Highlands for past 30 years since very young…. Excellent weather most of the time. I love the cold, cooling weather at Resorts World Genting
I still remember when k was young i like to take picture in a foggy weather. I can show mu frens i gone to genting. Its something we small kids can boast about last time.
Everest bro, u shld know most people go there to expect foggy and rainy at times and cold….like tat baru macam pergi genting!!
Full opening of international border will see the influx of visitors from singapore, indonesia, brunei and thailand to its outdoor theme park. Its the icing on the cake
During CNY you play with fire crackers, you get fingers burnt. But after CNY if you play with GenM, Kaboom, you get a big fat angpow !. GenM will be hosting a Tiger dance and Omicron will not stand a chance.
The Genting SkyWorlds theme park, which will open its doors tomorrow, will accelerate Genting Malaysia Bhd’s business recovery as it should be a crowd puller, and provide a new income stream while also benefiting other facilities within Resorts World Genting
there will be a 20% discount for ticket prices during the soft launch as there are some attractions undergoing the final commissioning process and are still unavailable to the public. The theme park will likely operate at 50% capacity (full capacity: 20,000 visitors at a time) initially due to the SOP in place. Assuming 10,000 visitors a day, we estimate the theme park alone could contribute an annual ebitda of RM210-290 million
Even though the crowd at SkyAvenue during our recent site visit (Jan 27) was visibly less, this could be due to it being a weekday. We believe RWG’s business will continue to recover strongly, especially once SkyWorlds opens as it should be a crowd puller and benefit other facilities within RWG through higher footfall.
Despite the challenges posed by the Covid-19 Omicron variant globally, December 2021 gross gaming revenue (GGR) recorded from Resorts World New York City and Resorts World Catskills stood well – at 90-95% of pre-pandemic levels. On the launch of mobile sports betting platforms in New York by some operators since Jan 8, 2022, the state is on track to set a record for the highest monthly mobile sports betting money wagered among all states in the United States. Given the strong interest seen, Empire Resorts (ER) will benefit greatly once it launches its own platform.
Genting Malaysia direct beneficiary of tourism recovery play. The imminent opening of Genting SkyWorlds will create excitement among visitors, and can potentially lead to higher footfall to RWG. Valuation is inexpensive. Further upside could come from ER’s ongoing turnaround, especially when New York state mobile sportsbook’s GGR is showing promising growth week-on-week .
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everest29029
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Posted by everest29029 > 2022-02-08 13:03 | Report Abuse
Skyworld theme park profitability very much depends on the outdoor weather. Ask yourself these questions, how often did you go outside when you visit Genting & for how long did you stay outside? How often was the weather good? This theme park could turned into a white elephant due to miscalculation of the weather.