Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >>   Investment  >>   Genting moves into overseas markets
NEWS UPDATES Asean Affairs        25  June 2011

Genting moves into overseas markets

Related Stories

May 25, 2011
$10 billion PPP investment in Malaysia hub

May 19, 2011
Malaysia launches green economy

May 2, 2011
Malaysia sets economic corridor goals

April 29,2011
Aluminum smelter plant for Malaysia

April 28, 2011
Malaysia reviews Chinese bank investment

Genting Malaysia Bhd is plowing funds into its global expansion program.

The Malaysian resort and gaming giant has been making some headway in the global leisure and hospitality industry over the last year, as it gains a foothold in the European and American markets.

In October last year, for instance, the company completed its acquisition of Genting Singapore plc's casino operations in the United Kingdom for a total cash consideration of 340mil (RM1.67bil). The operations there boast the largest number of casino properties in the United Kingdom, with 44 units, including five in London.

Last month, Genting Malaysia announced its second venture in the United States. This latest project, centered in the city of Miami in the southern state of Florida, comes after the company won the bid to build a video lottery facility at the Aqueduct Racetrack in New York City in August last year.

“Genting Malaysia is well positioned to expand its business overseas given its huge cash reserves; we expect such endeavour to boost the company's earnings potential over the medium to longer term,” an analyst said.

As at the end of the first quarter (Q1) to March 2011, Genting Malaysia had an estimated net cash of RM2bil. The company had an accumulated cash hoard of RM2.87bil at the end of financial year (FY) ended Dec 31, 2010, compared with RM5.25bil at the end of FY2009.

“Unless a portion of its money is put to work, sitting on such a huge pile of cash could prove to be a costly luxury in terms of good investment opportunities foregone if it's not invested in high-growth markets,” the analyst explains.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    25  June  2011 Subsribe Now !
• Foreigners push Cambodians out of gold rush Subcribe: Asean Affairs Global Magazine
• Indonesia’s auto growth attracts investment Asean Affairs Premium
• Laos continues on dam
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Genting moves into overseas markets
• Philippines outsourcing industry grew in first quarter
• Thai accounts protected
• Vietnamese inflation hits three-year high
• Vietnamese garment exports to reach $13.2b this year p

Asean Analysis    26  June  2011

Advertise Your Brand
• WEEKLY SUMMARY Sponsor Our Events

Asean Stock Watch    24  June  2011 

• Asean Stock Watch-June 24 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand