Genting to 'Gradually Reopen' More Gaming Spaces Before Lunar New Year

ACN Staff
Jan 22
2 min read

Updated: Apr 2

Genting Casino's partial reopening hints at larger expansion plans before Lunar New Year. Find out what to expect at Resorts World Genting.

Lunar New Year, Resorts World Genting, Genting Malaysia

Genting Malaysia is set to reopen more gaming floor spaces as the Lunar New Year approaches, a Malaysian brokerage shared in a report.

In its report published January 21, Phillip Capital said one of the scenarios it expects is for both Genting Casino 1 and 2 and other "connecting areas" to "progressively open before the festivities.

While initial visits showed a quiet atmosphere and ongoing renovations, subsequent visits revealed significantly increased foot traffic and the addition of new amenities. Philip Capital believes the casino is prioritizing expansion ahead of Lunar New Year, stating, "Given the unexpected reopening on 22 Dec 2024, we do not rule out the possibility of a quick-than-expected expansion."

They anticipate two possible scenarios before the holiday: either the progressive reopening of both Genting Casino 1 and 2, restoring about half the former floor space, or maintaining the current status quo with only Genting Casino 2 operational.

The resort, nestled in the Titiwangsa Mountains, is a major entertainment destination and the only licensed land-based casino in Malaysia. The casinos within Resorts World Genting play a crucial role in the country's economy, contributing substantially to tourism revenue and providing employment opportunities.

The closure of parts of the casino earlier in 2024 was attributed to planned renovations and upgrades, though some analysts suggested it might have been influenced by fluctuating demand. Regardless of the exact reasons, the closure had a noticeable impact on Genting Malaysia's financial performance. The reopening, even in a limited capacity, signals an effort to revitalize business and recapture lost revenue.

The casinos are a vital component of Resorts World Genting's overall appeal, attracting both domestic and international tourists. Their operation is closely tied to the success of the entire resort, which includes hotels, theme parks, shopping malls, and other entertainment venues. Therefore, the reopening of the casinos is not just about gaming; it's about restoring the full draw of the resort as a premier entertainment destination in Malaysia.