CreditSights Assigns Credit Negative Over Genting’s Full Acquisition Of Empire Resorts

Quick Summary:

CreditSights has issued a report stating that Genting Malaysia Berhad’s (GENM) agreement to fully acquire Genting Empire Resorts (GERL) for USD41 million is credit negative for the company.

The research firm maintains its “Outperform” recommendation on GENM but highlights concerns over a potential increase in net leverage and related-party transaction issues.

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: Malaysia

Topics: Empire resortt Genting News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 01:48:04 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28484630

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About Business Today

Main Topics: EconomyBusiness

Official Website: businesstoday.com.my

Update Frequency: 23 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 16 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #72

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