Genting

Genting Group's Post-Pandemic Recovery and Bright Outlook S&P Global Ratings today confirmed a positive trajectory for the Genting group of companies, indicating a robust recovery from the pandemic's impact and a promising path to further earnings growth. The firm affirmed stable issuer credit ratings for key components of the group: Genting Bhd, Genting Malaysia Bhd, Genting New York LLC, and Resorts...

Genting Highlands, located a mere 40 minutes from Kuala Lumpur, is not only a favorite retreat for those looking to escape the city's hustle but also a hotbed of real estate opportunities. This premier highland resort is renowned for its cool climate, exceptional entertainment options, and robust visitor numbers, making it a top destination for property investors. Surge in Tourism and Real Estate...

Batang Kali Road to Reopen in June After Extensive Landslide Repairs In the early hours of December 16, 2022, a tragic landslide occurred at a camping site in Batang Kali, resulting in the loss of 31 lives, including 18 adults and 13 children, while 61 others were rescued. Following this devastating event, the Batang Kali-Genting road was closed for safety assessments and necessary repair works. After 18...

In a significant move set to bolster Malaysia’s tourism and economic sectors, NCT Alliance Bhd (NCT) has unveiled its latest development, the Wyndham Ion Majestic Hotel in Genting Highlands. Marking a pivotal milestone, the initiative is further enhanced by a strategic partnership with the globally renowned Hard Rock International, heralding the inauguration of a Hard Rock Cafe atop the hotel. Datuk...

Crockfords, the premier hotel at Resorts World Genting (RWG), has been honored with the Forbes Travel Guide (FTG) 5-star rating for the sixth year in a row, solidifying its status as the sole hotel in Malaysia to achieve this prestigious recognition. This accolade places Crockfords among an elite cadre of 340 luxury hotels and properties globally that have been distinguished with this prestigious rating,...

The Batang Kali-Genting Highlands road, which was closed following a tragic landslide incident, is expected to be reopened to the public by May 2024. The repair and stabilisation work on the slopes along the road has made significant progress, with completion scheduled for March of the same year. Selangor Infrastructure and Agriculture Committee chairman, Izham Hashim, provided an update on the ongoing...

Kanger International Bhd, a company known for its diverse business ventures, is making significant strides in the real estate sector. In a recent development, the company has acquired 15 units of proposed serviced apartments in Tower A of the prestigious Antara Genting Highlands Resort Suites for a total of RM19.77 million. This strategic investment reflects Kanger's commitment to expanding its property...

Cornell Academy, a local hospitality education institution, has entered into a partnership with Universiti Sains Malaysia’s (USM) Graduate School of Business and King’s Park Genting Highlands to provide training opportunities for its students. This collaboration, signed on October 8, aims to enhance the skills and knowledge of students in the hospitality and business management sectors. Under the...

Genting Highlands is poised to become home to the largest Hard Rock Hotel in Asia, with the opening of Hard Rock Genting Highlands scheduled for 2027. This exciting development is part of the King's Park integrated mixed-use development, spanning 150 acres (60.7 hectares) in Genting Highlands. Hard Rock Genting Highlands is a 45-storey hotel that will feature 371 rooms and 630 suites, bringing the total...

Fitch Ratings has revised its revenue expectations for Genting Malaysia, operator of Resorts World Genting in Malaysia, casinos in New York, and Europe. The adjustment, which sees a 5% reduction on average for 2023 and 2024, is attributed to the slower-than-expected recovery observed in the first half of this year. Despite this revision, Fitch maintains Genting Malaysia's Long-Term Issuer Default Rating...