THE MACAU METRO MONITOR, JUNE 13, 2013
RMB3BN FACELIFT FOR GENTING Edge Malaysia
In an attempt to double its profit and to respond to increasing competition from Singapore and Macau, Genting Malaysia Bhd is planning a RM3 billion facelift for its 42-year-old hilltop Genting Highlands casino resort. "Plans are still being finalized and the board still needs to approve the plans. We've been investing substantial amounts overseas and it is now a good time to also invest here back home," said Genting Malaysia Chairman Tan Sri Lim Kok Thay. Lim says plans should be finalized by the end of 2013. The RM3 billion spend could span 2-3 years.