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10 things I learned from the 2024 Genting Malaysia AGM
By The Fifth Person  •  July 9, 2024
Founded in 1965 and listed in 1989, Genting Malaysia Berhad operates in the gaming, leisure, and hospitality business. It owns and operates a portfolio of integrated resorts including Resorts World Genting in Malaysia and Resorts World New York City, Resorts World Catskills, and Resorts World Hudson Valley in the U.S., Resorts World Bimini in The Bahamas, and more than 30 casinos across the UK and Egypt. Here are 10 things I learned from the 2024 Genting Malaysia AGM. 1. Revenue increased 18.4% year-on-year to RM10.2 billion in 2023 because of continued growth in business volume across the group’s operations worldwide. Regional tourism continued its recovery, with 2023 revenue reaching 97.9% of the pre-pandemic levels seen in 2019.The company recorded a net profit attributable to shareholders of RM0.4 billion in 2023 compared to a net loss of RM0.5 billion in 2022 mainly due to higher revenue and effective cost management as...
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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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