Genting Bhd has resumed its on-market purchases of Genting Malaysia (GENM) shares this week, reinforcing a pattern of steady accumulation and bringing its ownership closer to the 75% delisting threshold set by Bursa Malaysia. The latest filing shows Genting Bhd buying 3.44 million shares at RM2.29, lifting its stake from 72.47% to 72.97%. This renewed activity comes after almost two months of no acquisitions, suggesting the parent company is once again signalling confidence in GENM’s valuation and future prospects.
Last month Singapore recorded around 1.38 million international visitor arrivals, representing a roughly 4.9% year-on-year increase. Of those, approximately 1.02 million were overnight visitors, marking a modest gain of about 2.2% compared with the same month last year. Interestingly, the average length of stay declined slightly, reaching about 3.38 days, down by roughly 3.1% year-on-year.
The Beijing Imperial Palace Hotel in Taipa—once home to the satellite casino Greek Mythology Casino and formerly linked to junket-tycoon Alvin Chau—is now undergoing renovation after a change of ownership, signalling a fresh chapter for the much-troubled property.
Investment-bank J.P. Morgan estimates that the acquisition by SJM Resorts of L’Arc Macau could contribute approximately HK$300 million to HK$350 million (around US$38.5-45 million) in annual EBITDA to SJM, suggesting the deal is “value-accretive”.
In a significant milestone for the Australian gaming sector, Bally’s Corporation has secured full regulatory clearance to assume control of The Star Entertainment Group. Approvals from New South Wales’ NSW Independent Casino Commission (NICC) and Queensland’s Office of Liquor & Gaming Regulation (OLGR) were confirmed on 21 November 2025, following a detailed probity assessment of Bally’s and its key associates.
Author: Janice Chew • Friday, 05/12/2025
