Resort world casino catskill losses12/21/2023 ![]() “While the international travel market has shown signs of revival, the recent Covid-19 developments will continue to pose uncertainties to the outlook of tourism, leisure and hospitality sectors,” Genting Malaysia said in August as it announced its first-half results. “Resorts World Catskills experienced a strong rebound in its operational performance as pandemic-related restrictions were progressively eased and fully lifted by June 2021 in the New York State,” it said.ĭespite the robust recovery of its operations in New York, Genting Malaysia remains in the red, with the company reporting a net loss of 831.7 million ringgit ($200 million) in the first half, compared with a loss of 1.3 billion ringgit a year earlier. Business has steadily recovered since the resort reopened in September 2020, with Empire reporting a positive EDITDA of $3.5 million in the second quarter of this year, Genting said.
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