Genting's Resorts World Las Vegas property has received licensing approval from the Nevada Gaming Control Board, which praised the $4.3 billion project and its execution.
The Malaysian Communications and Multimedia Commission said it has blocked 2,195 online gambling websites and terminated 19,765 telephone lines for sending spam SMS messages promoting gambling.
Genting Malaysia is now expected to report a loss this year due to the ongoing disruptions from Covid, but the earnings recovery momentum is intact, Maybank Research said in a note maintaining its "buy" rating and increasing its target share price.
Hong Leong Investment Bank Research has added its voice to analysts predicting a strong longer-term comeback for Genting Malaysia, upping its rating from a "hold" to a "buy."
Genting Malaysia's EBITDA is likely to return to its pre-pandemic levels by 2022 and reach 60 percent this year, Standard & Poor's said.
Genting Bhd Chairman Lim Kok Thay says he expects global economic conditions to continue to recover and said the group will assess any business opportunities that arise that could complement existing operations or provide new growth.