Click to open
Seconds To Enter GTI Global Network.
Sign up
Log in
大勝科技 DST
豐邑富 Feng Yi Fu
富達育樂 Fuda
CWPE 2020
GTI Taipei Expo 2021
E-GTI China 2019
ENADA Sping 2020 New Dates
CWPE 2020
Subscribe to E-Paper
Find Us On
GTI Global Network > News > International
Genting Malaysia theme park delayed until 2017 (2015/10/23)

Genting Malaysia’s 20th Century Fox theme park opening has been delayed until 2017,  which is “a negative development" for the company, according to CIMB Research.

CIMB Research said it organized a meeting with Genting Malaysia’s management and eight fund managers, which yielded both positive and negative surprises.

“The 20th Century Fox theme park opening has been delayed until 2017, a negative development, in our view,” CIMB said in a note.

However, the new shopping mall and additional gaming capacity will come onstream from mid next year compared to the initial date of late 2016; but this positive is likely to be mitigated by pre-operating expenses.

CIMB added that the recently introduced GST, a consumption tax, has not affected gaming volumes.

“We were positively surprised to learn that the recent haze and GST have not had any negative repercussions on gaming volumes in Genting Highlands.”
“Negative consumer sentiment has also not hurt gaming volumes, in line with Genting Malaysia’s experience in past economic cycles. This is a testament to Genting Malaysia’s economic moat. It is a defensive casino monopoly domestically.”

About Us | Advertising | Services | Site Map
Tel +886-2-2760-7407 ~ 10
Fax +886-2-2742-0522
E-mail Send
Address 2F-1, No. 17, PaoChing St., SongShan Dist., Taipei City 10585, Taiwan
Copyright © 2009~2011 GTI Global Network. All right reserved. Power by rIDEA Reproduction of any part of the website should get prior consent in case of legal consequences.