Re-Opening Resorts World Genting Postponed For November Due To The Distribution Of Coronavirus

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June 14, 2022
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Re-Opening Resorts World Genting Postponed for November Due To the Distribution of Coronavirus

According to maybank investment bank research, the renewal of the work of resorts world genting was postponed by about november 2021 due to a recent surge of new cases of covid-19 in malaysia.

Repeated opening delay forced maybank ib to predict a wider main net loss of 52% for genting malaysia bhd, while the research company has changed its initial prediction of the renewal of operations in late august.

The new re-opening schedule coincides will receive a collective immunity in october, reports newsbeezer, and the number of vaccinations from covid-19 in malaysia has increased to more than 400,000 per day. Currently, there is a record number of cases of disease and death from covid-19, with a new daily record in 21,468 cases last friday.

The number of visitors to resorts world genting per year has decreased from 8.5 million to 5 million. Scenario of resumption of work in november will extend the current period of closing up to five months atter the suspension of work starting in june.

The resort is unlikely to open its doors until the national level of vaccination reaches 80%, after which the analyst maybank ib samuel yin shao yang experts that "malaysians will return to rwg in a mass order".

It is expected that the re-opening of resotions world genting will follow the launch of a neme park genting skyworlds, which was postponed several times. New date of opening – deceptber coinciding with school vacations.

The positive point is that the return for profits at 2022 and 2023 remain unchanged with the expected number of arrivals of 24.2 and 26.2 million visitors, respectively.

Resorts world genting has more than 10,300 rooms located in seven hotels and gaming races, including skycasino and genting casino. As part of the complex travel plan genting (gitp), genting malaysia introduced various new objects and attractions, including hotels, cable car and shopping centers.

Source: yogonet

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