resorts

Results

Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy

SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue.

Property

Hatten to develop $67 mil water themepark at Harbour [email protected]

SINGAPORE (Aug 7): Hatten Land intends to jointly build a RM200 million ($67 million) water themepark in Melaka, Malaysia, in collaboration with resort operator Samsung C&T Corp and Polin Water

Results

Banyan Tree 4Q earnings halved to $3.9 mil on higher expenses

SINGAPORE (Feb 27): Banyan Tree Holdings reported earnings of $3.9 million for the quarter ended Dec 2017, down by more than half of the $8.5 million posted in the same period a year ago on higher

Results

KOP swings back to black in 3Q with $7 mil earnings

SINGAPORE (Feb 14): KOP Limited is back in the black with $7 million of earnings for 3Q18, compared to its loss of $0.5 million a year ago on a near-tripling of revenue over the period under review

Global Markets

MGM opens new US$3.4 bil resort in Macau

HONG KONG (Feb 13): MGM Resorts International’s debut of its US$3.4 billion ($4.5 billion) property Tuesday is the latest bet on the world’s biggest casino hub, as licensing bids and China’s propos

Maldives property could add to Keong Hong’s recurring income

(Oct 2) The Mercure Maldives Kooddoo Resort was launched to great fanfare on Sept 25, despite already being in business for a month.

Broker's Calls

Banyan Tree swings back to profitability in 4Q with earnings of $8.5 mil

SINGAPORE (Feb 23): Banyan Tree Holdings, the manager and developer of luxury hotels, resorts and spas in Asia, has declared $8.5 million in 4Q earnings on higher operating profit – a turnaround fr

Banyan Tree may redraw plans for Gold Coast site

SINGAPORE (Feb 10): Banyan Tree Holdings is said to be considering redrawing its existing and already-approved plans to build a twin-tower serviced apartment and residential development, Cassia Nor

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