Genting Malaysia Unveils New Gaming Space, Renovations Ongoing

Published on 8 January 2025

Genting Malaysia has launched a new mid-field gaming floor at its flagship integrated resort, Genting World, in Malaysia. This development comes as the company continues renovations on the Circus Palace and Hollywood casinos, which remain closed.

According to a report by Maybank analyst Samuel Yin Shao Yan, the new facility, named “Genting Casino,” became operational during his site visit on December 30. It features two themed areas: one similar to the existing “Sky Casino” and another styled traditionally Chinese, equipped with 36 gaming tables and a significant number of lower-yield slot machines and electronic gaming tables. These machines are noted for higher profit margins due to lower manpower requirements.

The new mid-field gaming area aims to compensate for the closure of the Circus Palace and Hollywood gaming floors, which were shut down early last year and have yet to reopen. Yin highlighted that while these areas are currently undergoing renovations, Genting Malaysia management has assured their eventual reopening, although no timeline has been provided.

Yin also pointed out that the existing Sky Casino offers smoking lounges for players, whereas the newly opened Genting Casino has yet to establish a smoking area. Despite this, he expressed optimism about the addition of this new gaming floor, even though its scale is smaller compared to the Circus Palace and Hollywood Moonlight Tower, both of which are under renovation.

In his report, Yin concluded, “While we are positive about Genting Malaysia’s efforts to expand its mass gaming offerings, we are maintaining our current earnings forecasts and target prices. Nonetheless, we believe Genting Malaysia’s valuation remains attractive.”