Genting Malaysia posted a wider loss for Q1 and flagged a potential delay in the opening of its outdoor theme park due to ongoing Covid restrictions in the country.
The net loss came in at MYR501.3 million, compared with MYR453.9 million a year earlier. Revenue dropped 68 percent to MYR623.3 million.
“While the group continues to work towards the completion of Genting SkyWorlds outdoor theme park in the third quarter of 2021, the opening date of the park is dependent on developments surrounding the COVID-19 situation and its impact to the leisure and hospitality sector in the country,” it said.
Scientific Games said it has strengthened its global suite of sports technology, services and content with the acquisition of SportCast, which provides services encompassing outright betting, through to pre-match and in-play.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.