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11 things I learned from the 2019 Genting Malaysia AGM
By The Fifth Person  •  August 19, 2019

Listed in 1989, Genting Malaysia Berhad (GENM) is a household name in Malaysia. It owns Resorts World Genting, a hill resort located in Genting Highlands which is about an hour’s drive away from Kuala Lumpur. Resorts World Genting offers visitors a wide variety of dining, retail, and entertainment options, and a welcome respite from Malaysia’s tropical heat. But most importantly, it operates a casino. I recently visited the resort on a weekday and was surprised to find how crowded it was; it was flooded with tourists, both local and foreign.

2018 was a tough year for GENM as it was hit with RM1.8 billion in impairment loss on its promissory notes, higher annual casino license fees and duties, and a litigation battle with Walt Disney and Twenty-First Century Fox.

Here are 11 things I learned from the 2019 Genting Malaysia AGM:

1. Revenue grew 6.4% year-on-year to RM9.9 billion

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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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