Genting Malaysia First Quarter Financials Up

This story was published more than 2 years ago.

Casino betting group Genting Malaysia Berhard released their first quarter financial results, revealing that Net Profit Growth was up 15.8% during the quarter.

Key financial indicators for the first quarter ending March 31st, 2018 were:

  • Profits MYR342.1 million, up from MYR323.9 million last year
  • Pre-tax Profit up 15% to MYR397.5 million
  • Adjusted EBITDA up 8% to MYR607.7 million
  • Lower revenues in the U.S. and Bahamas, as the dollar fell in value against the Ringitt.
  • UK and Egypt revenues down 12% to MYR54.9 million

The company also announced that they've opened new facilities and attractions across their properties, which helped boost revenues. The group is also eyeing a $400 million expansion of their Resorts World Casino New York City property.

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
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bgsharpe
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30 May 2018 - 1:52pm
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To be honest this is the first when I'm hearing of this group but apparently they doing more than well if a $400 million expansion of their property is being planned, sounds huge.