Following the easing of MCO(Movement Control Order), Genting Casino is gradually recovering
After being granted permission to reopen and re-operate on 19h June, the renown casino is finally gaining traction again. The Malaysia’s Resorts World Genting (RWG) has quickly went back up to more than 50% of pre-COVID levels, and casino operations by a similar amount. All within the first few weeks of reopening as the COVID-19 pandemic have been curbed under control in Malaysia.
As a result of the MCO following the worldwide pandemic, Genting had to shut down a majority of their assets. Leading to a MYR133 million quarterly loss. Revenue came in 26.26% lower at RM4.11 billion versus RM5.57 billion previously during the first quarter of 2020.
Also, the of operator Genting Malaysia has reported that its SkyCasino and Genting Grand casinos have also also regained to 50% of normal capacity. Currently, the renowned casino is only open to members while also strictly enforcing social distancing measures as they should. CSG-CIMB have further noted that members have always comprised the majority of the casino revenue even pre-CCOVID19 therefore the situation looks rather optimistic.
Following the next few weeks development, the casino is likely to continue following an upward trend as well. Domestic operations and international flight is slowly being eased well. The government will still be proceeding with caution to prevent another outbreak.
Genting Casino is one of the most popular evening activity venues in Genting Highlands, where you can test your luck at winning a massive pay-out. Established in 1971 by Resorts World Genting‘s founder, Tan Sri Lim Goh Tong, the casino was the first land-based casino in Malaysia, and has continuously attracted thousands of visitors from across the world.