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13:59 Thursday 21 January 2021
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    IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

    Sands China announces discretionary allowance for 99% of employees

    The profound impact of Sheldon Adelson

    The profound impact of Sheldon Adelson

    Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

    Imperial Pacific taps former Saipan senator to become new CEO

    Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

    Foreign visitor arrivals to Japan down 97.7% year-on-year in December

    Two Landing directors voted out, Chairman Yang sneaks back in

    Jeju authorities track down first accomplice in Landing International theft case

    Amax shareholders approve company name change, mobile games apps sale

    Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

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        Dave Smith: Smell of success

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        Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

        Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

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        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

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        Dominic Laubach: Global explorer

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          Memories of the man that was Sheldon Adelson

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          How to set up for IR success

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          Macau: Taking a sensible approach to responsible gaming

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          Time to realign?

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            Creation theory

            Sega Sammy Creation aiming for “maximum fortune” in 2021

            IGT launches new game for its strong performing Ying Cai Shen link

            IGT launches new game for its strong performing Ying Cai Shen link

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            Jumbo given GLI certification for new Long Yi Fa jackpot link games

            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

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              Live-games integration as an effective marketing tool for increasing bets

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              Philippines court order preventing new 5% franchise tax could halt POGO exodus

              MGM Resorts looking to raise US$750 million via senior notes offering

              MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

              Evolution launches world’s first online live Craps game

              Evolution launches world’s first online live Craps game

              Duterte extends “modified” quarantine measures across Metro Manila to 31 May

              PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

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                Osaka IR & Inbound Business Seminar canceled due to COVID-19

                SBC launches new SBC Digital 2021 events program

                SBC launches new SBC Digital 2021 events program

                IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

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                • MACAU
                  IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                  Sands China announces discretionary allowance for 99% of employees

                  The profound impact of Sheldon Adelson

                  The profound impact of Sheldon Adelson

                  Macau: Taking a sensible approach to responsible gaming

                  Galaxy announces one-off Special Payment to eligible staff

                  Creation theory

                  Sega Sammy Creation aiming for “maximum fortune” in 2021

                  Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                  Macau visitor numbers increase for seventh straight month in December, 2020 total down 85% year-on-year

                  Analysts agree VIP sector woes to remain for years to come

                  Analysts agree VIP sector woes to remain for years to come

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                    Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                    Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                    Amax shareholders approve company name change, mobile games apps sale

                    Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

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                      IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                      Sands China announces discretionary allowance for 99% of employees

                      The profound impact of Sheldon Adelson

                      The profound impact of Sheldon Adelson

                      Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                      Imperial Pacific taps former Saipan senator to become new CEO

                      Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                      Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                      Two Landing directors voted out, Chairman Yang sneaks back in

                      Jeju authorities track down first accomplice in Landing International theft case

                      Amax shareholders approve company name change, mobile games apps sale

                      Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                      Trending Tags

                      • POWER 50
                        Power restored

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                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Ones to watch

                        2020 Asian Gaming Power 50 list

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 1 – Francis Lui

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                        • NEWS
                          IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                          Sands China announces discretionary allowance for 99% of employees

                          The profound impact of Sheldon Adelson

                          The profound impact of Sheldon Adelson

                          Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                          Imperial Pacific taps former Saipan senator to become new CEO

                          Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                          Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                          Two Landing directors voted out, Chairman Yang sneaks back in

                          Jeju authorities track down first accomplice in Landing International theft case

                          Amax shareholders approve company name change, mobile games apps sale

                          Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                          Trending Tags

                          • FEATURES
                            2021: Japan IR – Crunch time

                            2021: Japan IR – Crunch time

                            In safe hands

                            In safe hands

                            A spirit of social responsibility

                            A spirit of social responsibility

                            Taxation tremors

                            Taxation tremors

                            10 years ago

                            10 years ago

                            Creating an RG culture beyond the boardroom

                            Trending Tags

                            • PEOPLE
                              Dave Smith: Smell of success

                              Dave Smith: Smell of success

                              Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

                              Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

                              Creation theory

                              Creation theory

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Dark days

                              POST-COVID2: The most transformative business shock of our lifetimes

                              Dominic Laubach: Global explorer

                              Dominic Laubach: Global explorer

                              Trending Tags

                              • COLUMNISTS
                                Memories of the man that was Sheldon Adelson

                                Memories of the man that was Sheldon Adelson

                                Big money

                                A decade of differentiation

                                A decade of differentiation

                                How to set up for IR success

                                How to set up for IR success

                                Macau: Taking a sensible approach to responsible gaming

                                Macau: Taking a sensible approach to responsible gaming

                                Time to realign?

                                Time to realign?

                                Trending Tags

                                • TECH TALK
                                  Creation theory

                                  Sega Sammy Creation aiming for “maximum fortune” in 2021

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  First-class showcase in the virtual space

                                  First-class showcase in the virtual space

                                  Badge of honor

                                  Badge of honor

                                  Trending Tags

                                  • iGAMING
                                    Live-games integration as an effective marketing tool for increasing bets

                                    TVBET to enter the Montenegro iGaming market

                                    Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

                                    Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

                                    PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

                                    Philippines court order preventing new 5% franchise tax could halt POGO exodus

                                    MGM Resorts looking to raise US$750 million via senior notes offering

                                    MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

                                    Evolution launches world’s first online live Craps game

                                    Evolution launches world’s first online live Craps game

                                    Duterte extends “modified” quarantine measures across Metro Manila to 31 May

                                    PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

                                    Trending Tags

                                    • EVENTS
                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Castle in the Sky

                                      Osaka IR & Inbound Business Seminar canceled due to COVID-19

                                      SBC launches new SBC Digital 2021 events program

                                      SBC launches new SBC Digital 2021 events program

                                      IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                                      Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      Trending Tags

                                      • MACAU
                                        IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                                        Sands China announces discretionary allowance for 99% of employees

                                        The profound impact of Sheldon Adelson

                                        The profound impact of Sheldon Adelson

                                        Macau: Taking a sensible approach to responsible gaming

                                        Galaxy announces one-off Special Payment to eligible staff

                                        Creation theory

                                        Sega Sammy Creation aiming for “maximum fortune” in 2021

                                        Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                                        Macau visitor numbers increase for seventh straight month in December, 2020 total down 85% year-on-year

                                        Analysts agree VIP sector woes to remain for years to come

                                        Analysts agree VIP sector woes to remain for years to come

                                        Trending Tags

                                        • JAPAN
                                          Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                                          Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                                          Amax shareholders approve company name change, mobile games apps sale

                                          Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Creation theory

                                          Sega Sammy Creation aiming for “maximum fortune” in 2021

                                          2021: Japan IR – Crunch time

                                          Osaka IR bid included in ordinance for unified Osaka city/prefecture council

                                          Boost for Osaka as MGM Resorts opts out of proposal to acquire UK online betting giant Entain PLC

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
                                            • Japan
                                            • Laos
                                            • Latin America
                                            • Macau
                                            • Malaysia
                                            • Nepal
                                            • New Zealand
                                            • North America
                                            • North Korea
                                            • Philippines
                                            • Russia
                                            • Singapore
                                            • South Korea
                                            • Sri Lanka
                                            • Thailand
                                            • Vietnam
                                            IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                                            Sands China announces discretionary allowance for 99% of employees

                                            The profound impact of Sheldon Adelson

                                            The profound impact of Sheldon Adelson

                                            Imperial Pacific to “vigorously defend” exclusive gaming rights on Saipan

                                            Imperial Pacific taps former Saipan senator to become new CEO

                                            Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                                            Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                                            Two Landing directors voted out, Chairman Yang sneaks back in

                                            Jeju authorities track down first accomplice in Landing International theft case

                                            Amax shareholders approve company name change, mobile games apps sale

                                            Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                                            Trending Tags

                                            • POWER 50
                                              Power restored

                                              Power restored

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Ones to watch

                                              2020 Asian Gaming Power 50 list

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 1 – Francis Lui

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

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                                              Resorts World Genting preparing for relaunch but development of outdoor theme park delayed

                                              Ben Blaschke by Ben Blaschke
                                              Friday 22 May 2020 at 05:34
                                              Resorts World Genting extends closure until 28 April as Malaysian PM warns control order could remain for “a few months”
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                                              Genting Malaysia says it is preparing to resume operations at its flagship Malaysian casino resort, Resorts World Genting, but has warned the timeline for completion and launch of its new outdoor theme park has been delayed as a result of the COVID-19 pandemic.

                                              The update was included in Genting Malaysia’s first quarter results release on Thursday, which saw the group fall to a loss of MYR453.9 million (US$104.4 million) – down from a profit of MYR253.1 million (US$58.2 million) in 1Q19 – on depressed revenues across all business segments.

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                                              While the Malaysian government eased its Movement Control Order (MCO) from 4 May, RWG and associated hotels Resorts World Awana, Resorts World Kijal and Resorts World Langkawi have remained closed.

                                              “Nevertheless, the Group is currently preparing for the resumption of operations and is focused on leveraging domestic demand to drive visitation and revenue,” it said.

                                              “As development works on the outdoor theme park (OTP) were affected by the MCO, the Group is working on a revised timeline for the completion and opening of the OTP.”

                                              Originally due to open in 3Q20, the OTP has been cited by analysts as a key driver for pent-up demand in Genting Malaysia’s local tourist market.

                                              In the meantime, the company reported a 29% decline in group-wide revenue in 1Q20 to MYR1.96 billion (US$451.0 million), with RWG suffering a 36% fall in revenue to MYR1.23 billion (US$283.0 million) and 40% drop in Adjusted EBITDA to MYR331.2 million (US$76.2 million). The decline in revenue was also attributable to lower hold percentage in the mid to premium player segment, Genting Malaysia added.

                                              Revenue at its UK and Egypt properties fell 11% to MYR371.2 million (US$85.4 million) while in the US and Bahamas revenue fell 13% to MYR320.7 million (US$73.8 million).

                                              Tags: 1Q20covid-19first quarterGenting MalaysiaOutdoor theme parkResorts World Gentingrevenue
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                                              Ben Blaschke

                                              Ben Blaschke

                                              A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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