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Genting Group News
Genting Poised to Reap Benefits
4 Jan 2005
International News Brief: The Genting group will celebrate its 40th anniversary this year on a high note as it is poised to reap the benefits of its expansion in Britain as well as the higher number of tourist arrivals anticipated at its hill resort.
Stake in London Clubs to Help Genting Expansion
23 Dec 2004
Genting Bhd.'s increased stake in London Clubs will help Asia's largest publicly traded casino operator diversify amid rising competition in the region, investors and analysts said.
Stanley Leisure Chairs Hits Jackpot in Sale
29 Nov 2004
International News Brief: Stanley Leisure chairman Lord Steinberg has hit a 36 million pounds jackpot by selling shares in the company to a Malaysian casino giant.
Genting Shares Hit Eight Month High
25 Nov 2004
International News Brief: Shares of Genting Bhd, Asia's biggest publicly traded casino group, rose to an eight-month high on expectations that its plan to develop Las Vegas-style casinos in Britain with the UK's Stanley Leisure Plc will bolster profit.
Genting Makes Play on Stanley Leisure
23 Nov 2004
International News Brief: Asia’s biggest gambling group, Genting, today swooped on Britain's casino industry with a £47 million investment play centred on a major partnership with Stanley Leisure.
Genting Aims to Grow
4 Oct 2004
International News Brief: Malaysia’s sole casino group Genting is betting on becoming a bigger regional power player in what is seen as a move to further cut its dependence on gamblers' wagers amidst rising regional competition.
Genting Buying Maxims Casino
24 Sep 2004
International News Brief: Genting is buying London’s Maxims Casino for £10.5 mil, taking advantage of a probable relaxation of Britain's 40-year-old gaming laws to enter Europe.
Genting Shares Slide After Singapore Announcement
26 Aug 2004
International News Brief: Malaysia's Genting and its subsidiary, Resorts World, have seen their share price slide after Singapore's new prime minister Lee Hsien Loong floated a 'casino trial' balloon over the weekend.
Genting: Singapore Casino May Hurt Earnings
4 Jun 2004
International News Brief: Genting Bhd, owner of Asia's biggest publicly traded casino, said a plan by the Singapore government to set up a casino in the city state may hurt the Malaysian company's earnings.
Genting Interested in Singapore, Thailand
2 Jun 2004
International News Brief: Malaysian casino operator Genting Bhd says it is keen to invest in proposed casinos in neighbouring Singapore and Thailand.
Genting Profit Rises
26 May 2004
International News Brief: Casino and hospitality group Genting recorded a net profit of RM222.95 million for Q1, up 13.9 per cent from RM195.95 million recorded in Q1 2003.
Malaysia's Resorts Expected to Make Comeback
3 Feb 2004
International News Brief: Resorts World Bhd’s casino business in Malaysia is expected to see strong revenue growth of about 5 per cent this year as the market shrugs off the full negative impact from last year’s SARS.
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