The Genting group was at the peak of an expansion cycle when the Covid-19 pandemic broke out. The group’s mainstay — Genting — was in the midst of constructing a US$4.3 billion ($5.7 billion) resort and casino in Las Vegas.

Its 49.5% associate, Genting Malaysia, was completing a US$800 million new outdoor theme park in Genting Highlands and a 400-room hotel in New York. 

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