Recent Gaming Rise is Genting Malaysia's Gain2017-06-27 15:45:19
The recent major rise in the gaming and technology industry has helped play its part as Genting reports that their profits doubled in the first quarter of 2017.
A Giant of the Industry
The global gaming giant Genting has many gaming resorts across the globe which at the moment are all faring very well financially which will please Genting bosses’ and staff alike as their casino environment is unique and can’t be replicated by any other casino in the world. The Genting Highlands in Malaysia is just one of the several properties across the world which is achieving worldwide positive press.
As the entire gaming industry appears to be on the rise, Genting will be optimistic that their recent good fortune will continue both in the short-term for the remainder of the year and also long-term looking to the next few years to continue their impressive profits. Results from the first quarter of 2017 showed that Genting’s net profits doubled in the first three months of this year in comparison to the first three months in 2016. This year, Genting’s reported net profit figure for the first quarter stands at $75.5 million whereas Genting’s net profit figure for the same period in 2016 stood at $37.7 million.