Genting Bhd's share price rose while Top Glove Corp Bhd's fell during Bursa Malaysia's Wednesday (June 8) trade as investors weighed the impact of the Covid-19 vaccine-led economic recovery on the tourism and rubber glove manufacturing industries.
KUALA LUMPUR: Genting Bhd reported wider losses in the third quarter due to the temporary closure of Resorts World Genting (RWG), as well as higher depreciation and net finance costs associated with the opening of Resort World Las Vegas.
Genting Group s Malaysia-listed firms outsource share registrar function for first time on record theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Jan 26): S&P Global Ratings expects Genting Malaysia Bhd’s (GenM) wholly-owned subsidiary Genting New York LLC to register a sharp recovery after the Covid-19 pandemic-driven shutdown as Genting New York operations are located at the heart of the metropolitan area in New York and has a low dependency on tourists for gaming revenue.
In a note yesterday, S&P Global Ratings said that like other casinos, Genting New York’s operations were closed for six months from March 2020 due to the pandemic. However, with the resumption of normal operations from September to mid-November 2020, Genting New York s business was already nearly back to pre-Covid-19 levels,” S&P Global Ratings analysts Shawn Park, Simon Wong and Christina Lim wrote in the note.