The company shares have been upgraded to a Buy rating following purchases by Lim Kok Thay and his family.Malaysia.-Analysts atMaybank Investment Bankhave upgraded Genting Berhad to a Buy rating, following a share purchase by Lim Kok Thay, the former CEO of the company, and his family at near all-tim
Facing a multimillion dollar fine by state regulators after allegations of allowing illegal bookmakers to gamble at the property, the Malaysia-based ownership of Resorts World Las Vegas is hiring a new CEO and creating a board of directors to oversee the 3-year-old Strip hotel-casino.Genting Berhad
Resorts World Las Vegas, the US flagship of Malaysian gaming giant Genting Berhad, reported its worst quarterly results in the past two years in 3Q24, with revenue falling to US$177 million from US$218 million in Q2, and EBITDA to US$16 million from US$50 million.In a filing, Genting said the proper
Resorts World Las Vegas (RWLV),Genting Berhad's US flagship casino property, reported its weakest quarterly performance in two years during the third quarter of 2024. Revenue dropped to $177 million, a notable decline from $218 million in the previous quarter, while EBITDA shrank to $16 million from
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