PETALING JAYA: Casinos in Malaysia and Singapore are expected to enjoy a buoyant 2023, with the return of China tourists, following the full borders reopening of the world’s second-largest economy.
This is set to benefit Genting Bhd
, the largest casino conglomerate in South-East Asia, with interests in power, plantations, property and oil and gas sectors.
Through its 49%-owned Genting Malaysia Bhd (GenM) and 53%-owned Genting Singapore plc (GenS), which operates Resorts World Genting (RWG) and Resorts World Sentosa (RWS) respectively, Genting is expected to see strong earnings recovery this year on higher contributions from the two subsidiaries.
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