Casino operator Genting of Malaysia reduced its pre-tax losses by 79.2 per cent to $24m in the first quarter of this year, reported the company.
A good return from its US operations and a strong visitor footfall at Resorts World Genting meant a steep improvement in turnover, notably since the easing of the pandemic regulations.
Revenue was MYR1.7bn compared with MYR623m (€360.8m) and net profit from operations was MYR102m (€21.6m) compared with a loss of MYR425m (€90.2m). The overall loss was MYR147m (€31.1m) compared with a loss of MYR501m (€106.3m).
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