Genting Theme Park

Genting making inroads into overseas markets

The Malaysian resort and gaming giant has been making some headway in the global leisure and hospitality industry over the last one year, as it gains a foothold in the European and American markets.

In October last year, for instance, the company completed its acquisition of 's casino operations in the United Kingdom for a total cash consideration of 340mil (RM1.67bil). The operations there boast the largest number of casino properties in the United Kingdom, with 44 units, including five in London.

Last month, Genting Malaysia announced its second venture in the United States. This latest project, centered in the city of Miami in the southern state of Florida, comes after the company won the bid to build a video lottery facility at the Aqueduct Racetrack in New York City in August last year.

“Genting Malaysia is well positioned to expand its business overseas given its huge cash reserves; we expect such endeavour to boost the company's earnings potential over the medium to longer term,” an analyst shares with StarBizWeek .

As at the end of the first quarter (Q1) to March 2011, Genting Malaysia had an estimated net cash of RM2bil. The company had an accumulated cash hoard of RM2.87bil at the end of financial year (FY) ended Dec 31, 2010, compared with RM5.25bil at the end of FY2009.

“Unless a portion of its money is put to work, sitting on such a huge pile of cash could prove to be a costly luxury in terms of good investment opportunities foregone if it's not invested in high-growth markets,” the analyst explains.

In OSK Research's recent analysis of Genting Malaysia's Miami venture, the local research house said Genting Malaysia's cash hoard has rightly put the group in a position as first-mover in a potentially lucrative integrated casino market should Florida liberalise the industry.

Gaming operations are currently banned from being built outside tribal lands by the state, although gaming giants such as the US-based have been lobbying to persuade lawmakers to allow for full casino gambling in the state.

According to OSK Research, casino income typically contributes more than 80% of Genting Malaysia's integrated property portfolios.

Genting Highlands Theme Park, Malaysia « Thristhan

I’ve been to the Genting Highlands Theme Park so many times, and it excites me all the time. The adrenaline rush that I receive from the extreme rides are amazing. During the holidays last year, a group of us decided to go up the hill to chill and enjoy the Theme Park. One other theme park that we enjoyed was the Sunway Lagoon Theme Park .

It takes about 2hours to reach the peak of Genting Highland s if you’re from Klang. In our case, going at 160km/h, it took us only an hour plus. Genting Highlands Theme Park is only a walk away from the peak, so you may want to park at the top itself as there are ample of parking space. Most of the parking are free of charge. If you’re a Silver or Gold card members of Genting, you’ll get better parking spaces nearer the Hotels.

Genting Theme Park is filled with a day full of fun packed activities. Some of their famous rides are the Pirate Ship, Solero Crush, Cockscrew Roller Coaster, Bumper Cars and many more. The park is diveded into the indoor and outdoor theme park and they cost different.

We recommend that you visit Genting Highland Theme Park on a weekday because they are fully packed on most if not all weekends. You would need to queue lesser on weekdays.

Frommer's Singapore and Malaysia

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Tourism and nature conservation in Malaysian National Parks

Genting Highlands

Malaysia & Singapore