Genting Malaysia is planning a soft opening of its theme park at Resorts World Genting in Q3, 2020, though the park will be more expensive than anticipated.
The company will incur more capex in a push to get the attraction finished, although it hasn’t specified by how much, Maybank analyst Samuel Yin Shao Yang wrote. He added the extra expenditure was unexpected. The bank will maintain its hold call on the company’s shares.
The Genting Outdoor Theme Park is a central plank of a multi-billion dollar revamp of its Malaysian resort. However, the project has faced delays and its future was put in doubt after partner 20th Century Fox pulled out. That decision lead to a court battle that was resolved three months ago.
Source: Asia Gaming Brief
