Genting should take Resorts private: AmResearch

GENTING Bhd should take its 49 per cent unit Resorts World Bhd private in a deal that could cost Asia's largest publicly traded casino operator some RM14 billion, AmResearch said in a report this week.The report echoed a similar suggestion made six months ago by J P Morgan Chase & Co.AmResearch said taking it private would help the Genting group's growing funding requirements and eliminate earnings leakage, as it would be able to fully consolidate Resorts earnings and gain access to its cashflows.It rates Resorts as a buy with a target price of RM4.65. The stock closed up 10 sen to RM4.00 yesterday. Read More

(New Straits Times 14-2-2008)

Genting Highlands Resort named world’s top casino resort

KUALA LUMPUR: Genting Highlands Resort defeated many a familiar name in the casino business to win the prestigious International Travel Award — The 2007 World Travel Award for the World’s Leading Casino Resort at the 14th Annual World Travel Awards Gala ceremony. The local resort was nominated along with world renowned Ceasars Palace Las Vegas (USA), D’oreale Grande, Emperor Palace (South Africa), MGM Grand Hotel & Casino, Vegas (USA), Park Hyatt Mendoza (Argentina), Star City Hotel & Casino, Sydney (Australia) and The Venetian (Macau).

(3-1-2008 The Edge)