Genting Malaysia Bhd.

Genting Malaysia Bhd.

Genting Malaysia Bhd.

Overview
Date Founded

1980

Headquarters

23rd Floor, Wisma Genting,28 Jalan Sultan Ismail,Kuala Lumpur, Wilayah Perseketuan (Federal Territory) 50250

Type of Company

Public

Employees (Worldwide)

21K

Industries

Hotels, Resorts, and Cruiselines
Casinos & Gaming

Company Description

Genting Malaysia Bhd. engages in the provision of casinos, leisure, and hospitality services. It operates through the following segments: Leisure and Hospitality, Properties, and Investment and Others. The Leisure and Hospitality segment comprises resort activities including gaming, hotels, food and beverage, theme parks, retail, entertainment attractions, tours and travel related services, and other supporting services. The Properties segment focuses on the property developments, property investment, and management. The Investment and Others segment refers to the utilities, reinsurance, yacht charter services, and information technology services. The company was founded on May 7, 1980 and is headquartered in Kuala Lumpur, Malaysia.

Website

http://www.gentingmalaysia.com

In The News
Nasdaq
January 17, 2021
Lower Open Expected For Malaysia Stock Market
Nasdaq
January 11, 2021
Higher Open Expected For Malaysia Stock Market
Nasdaq
January 4, 2021
Malaysia Bourse May Extend Losing Streak
Nasdaq
December 29, 2020
Malaysia Stock Market May Test Resistance At 1,650 Points
Nasdaq
December 20, 2020
Malaysia Stock Market Haw Flat Lead For Monday

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Executives & Employees
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Kok-Thay Lim

Deputy Chairman & Chief Executive

Keong Hui Lim

Executive Director & Deputy Chief Executive Officer

Lee Choong Yan

President, Chief Operating Officer & Executive Director

Koh Poy Yong

Chief Financial Officer

Paul Gerard Vogt Baker

Deputy Chief Operating Officer

Robert DeSalvio

President of Genting New York State

Lee Thiam Kit

Head-Business Operations & Strategies

Beng Hooi Leow

Executive Vice President-Sales & Marketing

Edward Holloway

Executive Vice President-Leisure & Hospitality

Aaron Chia Khong Chid

Executive Vice President-Gaming Operations

Board of Directors
Alwi bin Jantan

Kok-Thay Lim

Deputy Chairman & Chief Executive at Genting Malaysia Bhd.

Lee Choong Yan

President, Chief Operating Officer & Executive Director at Genting Malaysia Bhd.

Hong Sun Koh

Former Director-Commercial Crime Investigation at Polis Diraja Malaysia

Clifford Francis Herbet

Former Vice President at Federation of Malaysian Manufacturers

Quah Chek Tin

Former Chief Operating Officer & Executive Director at Genting Malaysia Bhd.

Mohd Zahidi Bin Haji Zainuddin

Chancellor at aSIA Metropolitan University

Chong Kwai Ying

Independent Non-Executive Director at Genting Malaysia Bhd.

Eng Siong Teo

Associate at MALAYSIAN INSTITUTE OF CHARTERED SECRETARIES & ADMINISTRATORS

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Paths to Genting Malaysia Bhd.
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Genting Malaysia Bhd.
Owners & Shareholders
Details Hidden
Great Eastern Life Assurance Co., Ltd.

Great Eastern SG is a conservative, risk-averse manager which focuses on risk management. Their overall investment policy and strategic asset allocation are determined by upper management. The Asset Liability Committee actively manages risk at all levels of the investment process. The firm invests their own funds primarily in quoted government securities, loan stocks and bonds, as well as in quoted equity, unquoted securities, real estate and collective investment schemes. The bulk of their investment is domestic, complemented with foreign securities.

Details Hidden
Massachusetts Pension Reserves Investment Management Board

The Pension Reserves Investment Management Board employs external investment managers and gives them discretion, consistent with specified objectives and guidelines, to manage the Pension Reserves Investment Trust's assets. At reasonable intervals of not more than 3 to 5 years, the Board undertakes a comprehensive review of their asset allocation plan and its underlying assumptions, including Massachusetts' current and projected pension assets and liabilities, long-term capital markets rate of return assumptions and the Board's risk tolerances. The review identifies a reasonable time horizon and investment strategy for matching assets and liabilities, a fund level total return target and an optimal allocation among available asset classes and sub-asset classes. The Board examines the asset allocation plan annually, and considers adjustments to the plan as may be appropriate.

Details Hidden
Eastspring Investments Bhd.

Eastspring Investments is an active value-oriented investor and manages portfolios invested in equity, fixed-income and money-market instruments. They primarily invest in securities from the Malaysian market as well as the Asia Pacific region. The firm's portfolio management aims to exploit periodic opportunities in the Malaysian market at both the asset allocation and stock selection level. They conduct in-house research, which is shared with other Prudential divisions and may meet with management as part of the research process.

Recent Transactions
Details Hidden

purchases Empire Resorts, Inc.

Details Hidden

Genting Malaysia Bhd., Genting (USA) Ltd. purchase Empire Resorts, Inc. from Kien Huat Realty III Ltd.

Details Hidden

Sonco Gaming, Inc., Sonco Group, Inc. purchase Coastbright Ltd. from Genting Malaysia Bhd.

Transaction Advisors
Investment Advisor
CIMB Investment Bank Bhd.

Advised onGenting Malaysia Bhd., Genting Worldwide (UK) Ltd. purchase Genting Singapore Plc /UK Casino Ops (4) from Genting Berhad

Accountant
PricewaterhouseCoopers LLP

Advised onGenting Singapore Ltd. purchases Geremi Ltd. from Genting Malaysia Bhd.

Legal Advisor
Cleary Gottlieb Steen & Hamilton LLP

Advised on purchases Empire Resorts, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$3.44B
Total Enterprise Value
$5.29B
Earnings Per Share
$0.06
Three Year Compounded Annual Growth Rate Of Revenue
5.23%
Revenue
$2.52B
Five Year Compounded Annual Growth Rate Of Revenue
4.81%
Debt TEV
0.5x
TEVNet Income
15.68x
Enterprise Value EBITDAOperating
8.44x
Enterprise Value / Sales
2.1x
EBITDAMargin
24.92%
Net Profit
$338M
EBITDA
$627M
Total Debt
$2.63B
Total Equity
$4.4B
Investments
Details Hidden
Void Enterprises LLC

Void Enterprises LLC owns and operates virtual entertainment centers. The company was founded by Ken Bretschneider and Curtis Hickman in 2014 and is headquartered in Lindon, UT.

Suppliers
Genting Berhad Accounting & Financial Services | Kuala Lumpur, Mys

Genting Bhd. is an investment holding and management company, which engages in the leisure and hospitality, gaming, and entertainment businesses. It operates through the following segments: Leisure and Hospitality, Plantation, Power, Property, Oil and Gas, and Investments and Others. The Leisure and Hospitality segment includes gaming, hotels, food and beverages, theme parks, retail, entertainment and attractions, tours and travel related services, development and operation of integrated resorts, and other support services. The Plantation segment involves in the oil palm plantations, palm oil milling, and related activities. The Power segment generates and supplies electric power. The Property segment focuses on the property development activities and property investment. The Oil and Gas segment consists of exploration, development, and production activities. The Investments and Others segment refers to the investment and interest income from financial assets. The company was founded by Goh Tong Lim in 1965 and is headquartered in Kuala Lumpur, Malaysia.

Evolution Gaming Group AB Casinos & Gaming | Stockholm, Sweden

Evolution Gaming Group AB engages in the development, production, marketing and licensing business to business casino solutions to gaming operators. It provides live casino studios, land-based live casino, mobile live casino, and live casino for television. The company was founded by Richard Hadida, Jens von Bahr and Fredrik Osterberg in 2006 and is headquartered in Stockholm, Sweden.

Inspired Entertainment, Inc. Computer Software | New York, NY

Inspired Entertainment, Inc. is a global games technology company, which engages in the provision of virtual sports, mobile gaming, and server-based gaming systems. The company operates its business through the following segments: Virtual Sports and Server Based Gaming segment. The Virtual Sports segment offers ultra-high-definition games that create an always-on sports wagering experience. The Server Based Gaming segment offers more traditional casino games such as slots, roulette and other table games. Inspired Entertainment was founded in 2016 and is headquartered in New York, NY.

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