Malaysian publication Sin Chew Daily reports that Malaysia-focused brand Genting continues to closely monitor the opportunity for a listing in the United States.
President and COO Tan Kong Han reportedly briefed investors at Genting’s annual general meeting, outlining the optimal path to “unlock maximum shareholder value and enhance brand value.”
Genting has seen strong growth recently as it recovers well from the pandemic in Asia.
However, Khan made it clear that the company is looking to expand, hoping to continue capitalizing on the success of its brand in the domestic market.
Khan named the US as one of the key markets, while stressing that it is necessary to wait for the right time and conditions.
He also noted that Thailand is a potential destination for the company, as the regulatory framework will develop in the region in the near future.
Further progress was recently recorded in developing casino legislation in Thailand after the Cabinet approved a special report by a House of Representatives committee.
According to an article published in the Bangkok Post, the decision marked significant progress and further development of the casino regulatory system in Thailand.
Despite this, casino development in the region is likely to be a long-term project, with plans not expected to be implemented until 2029.
This process is based on the concept of the “fun economy”, which includes economic corridors that can play a key role in the implementation of casino regulations in the region.
Tender processes for the casino are due to conclude this year and, if approved, will be subject to regulatory approval.
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