KUALA LUMPUR: Genting Bhd is reviewing spending plans and cost structures in Malaysia following recent hikes in casino duties, while a provision on a terminated project impacted its first quarter earnings. Earnings in the three months ended March 31 fell 6.8% to RM561.6mil from RM602.7mil made a year ago. "Additionally, the GENM will focus on leveraging the new assets to grow key business segments," it added. Meanwhile, Genting also provided an update on its venture in Las Vegas, in the US. "The first phase is estimated to cost approximately US$4.1bil and is targeted to open by the end of 2020," it said.

Source: The Star May 23, 2019 12:56 UTC